Reproduction rates are collapsing worldwide, putting existing social systems such as pension systems under massive stress. They are increasingly on the brink of collapse and are becoming open Ponzi schemes.

What happens next? The collapse of the Chinese real estate market gives us an initial idea of the volatility to come. Over 13 trillion dollars in nominal value has been wiped out, making the lending banks illiquid. Can the Keynesian fiat money system pump up new asset bubbles to stop the decline? Credit must be kept liquid, whatever the cost, or credit freeze and system collapse will occur. In the Tom Woods Show, they get to the bottom of this phenomenon.