I have debated with myself over the last couple day whether or not to put this up for a couple of reasons. One it is a little bit of a complicated subject but I resolved that with knowing a bunch of the viewers who visit her are more sophisticated in these matters so no problem. The other is some of the links are "movements" but they seem to be for a just cause so here goes.
Some may have already seen this but likely most have not. It has been published and I think generally the mainstream Keynesian's and others have dismissed its significance. The chart was done buy Chris Rupe and the calculations were done following the formula developed by Legg-Mason. The chart depicts the calculation of Debt Velocity. I had not seen anything like this before and I have looked a quite a few charts. I sort of put it off and was at Martin Armstrong's link for his latest ideas and got a link to this again. This time I gave it due consideration and it fits into most scenarios I can dream up. Essentially, I just don't know how much longer the governments of the world can keep this system afloat. Sadly, I had a fellow explain all this to me many years ago. I got a little upset and soon forgot about his warnings. In reflection it would have not really made any difference except I would have worried for the last 20 years. I was looking to 2015 -2020 time frame for the end game but it may just accelerate after this last bubble. We shall see.
Here is a video which discuss the implications of the chart. additionally there are more in depth discussions At Nathan's Economic Edge and an very clear explanation of the chart by its author Chris Rupe here. You really should read what Chris has to say even if you don't understand charts.
I am not promoting the idea that this is the end of the world but think more like drastic change in society as we know it will be a given. How this will affect us individually is the question, it should be an interesting time.