Originally Posted by Nay
When you owe the bank $5,000 you have a problem. When you owe the bank $5M they have a problem.
Driving up food prices by growing corn in an unsustainable monoculture reliant on fossil fuel pesticides, herbicides, and fertilizer in an utterly petroleum dependent industrial agriculture model is hardly a solution to energy problems, but it will get you votes in the midwest.
The people who are laughing all the way to the bank live in this country.
That's an excellent point about who has the problem, I like the way you framed it. Basically they give us oil, and we give them an IOU in the form of T-Bills. We default, they're screwed. Of course if it comes to that, we're a pauper nation and are screwed too.