It looks as if John Denver stumbled and fumbled over some fairly relatively innocuous math.

I wonder once he understands the mistake he made that he might change his outlook toward a more pessimistic outlook? .... I kind of doubt it, he has made up his mind.

Yes, and whether it's accelerating or not, peak economy still means we have trillions of dollars of debt to "unwind." Or, said another way, the bankruptcies and other debt defaults are just in their early days.

Collapse has begun.

http://www.energychallenge.tv/index.php/archives/226