Scylla didn't really ask a question, more proffered a position. Whilst I appreciated a less strident and a more mature tone, it was absolutely littered with conflated concepts and misunderstandings. For instance the market for bonds* is much stronger during times of uncertainty, low growth in the west is due to a lack of confidence more than anything, growth elsewhere is very healthy and has nothing, and nothing has anything to do with running out of resources, that's something for a good half a century or more depending on the resource in question. Also debt can be managed by growth (increased tax receipts), or spending less, hence all these bloody cuts everywhere everyone is complaining about. All said, I'm not sure how anyone was meant to 'answer' it. But then this thread has seen 20 bloody pages of half baked theories and earnest rebuttals, I'm not sure another one will help anyone. *I'm not sure what a 'bond market' with some sort of anthropomorphic motives attached to it is.