Living on credit

Living on credit is not a new idea it started back when credit cards started.. Today people around the world live on credit(just visa or damn it!!!)... Now last week a report on credit reported that US default payment raises to trillion mark. Is it a worrying figure or should we dismiss it to say that is a trend waiting to happen? Do we earn more that we spent or spend more than we earn. This has spark up many authors to write books and get rich scheme. The power of spending is more than the power of earning or vice versa? With inflation going up, gold and commodities going up the world is it really going to a credit crunch? The power of money is decreasing each and every day... Today farming is different... Face with drought and increasing operational cost, the world is also facing supply problem now. This trend will continue down the road. Demand is more than supply now. To sum up, we are now really facing a supply problem, can we solve it before alien attacks us...just joking, good day everybody...