europe is descending into poverty. did you know that? someone told you that? so the most advanced continent on the planet, the birthplacerta of western civilization,ce our civilization is getting much poorer very quickly. it s moving backward at high speed just a year ago,st ay europe was a modern place.ea for example, the overwhelminge r majority of europeans heatedwhle their homes with natural gas as modern people do in germany,l the continent s richest country, only about six percent of households, most of them6% o rural, heated with cord wood and you would expect that givena that again, germany is a moderna industrialny country with centrl heating and indoor plumbing and all the other trappings of a society that has moved beyonda the medieval period. year, only about six percent of germans used% of wood to heat their homes. but that has changed dramatically. demand for firewood in germany has risen so fast that there is none left to buy. you can t get it so desperate. ger
as many people died of cold as if heat. that s according toome the institute for healtheratur metrics and evaluation. so when temperatures in europe begin to droes p a few months from is a prw, this is ahu huge problem and that will be obvious to everyone. it sobbvious not global warming. it s global cooling. that s what s going tormin kilgy your grandmother. ouand when everyone understands that perfectly well, a lot of things are going to happen. the status quo will crumble, quw factories will close, will rise. close disposable incomectorie will disappear. interesting s onto thatar already. personal savings rates are down dramatically in this country, 60% of americans can t cover an expected four dollar expense. credit card debt increasingis year over year by thirteen percent. that s the biggest jump in twenty years. total household debt at an all time record of fifteen point eight dollars trillion. that s time in this country. it s also true. similarly in europe. so how will spiral