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[quote:RoXY:MV8xNTc4NDI2XzMyNjg4Mzk2XzRFNjdBRTBF] [b]Expert Explains In Horrifying Detail How The Next Shock Will Shatter The Global Economy[/b] by Matthew Boesler Aug. 7, 2012 The eurozone is on a path into a deep recession. As one of the largest and most advanced economies in the world, its centrality to a system of highly-interconnected global supply chains is taken for granted. David Korowicz, a physicist and human-systems ecologist, recently authored a lengthy 78-page white paper titled: [i]"Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse."[/i] It explores the increasing systemic risk brewing in the global financial and trade systems. Using complex systems analysis, he explains how within weeks of the next major economic shock, like a major bank failure or a country exiting the eurozone, contagion would quickly spread through global supply chains, causing an "irreversible global economic collapse." [b] Read more: http://www.businessinsider.com/trade-off-financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse-2012-8?op=1#ixzz22w4kzUf5 [/b] [b]NB: [/b]Interesting article, to say the least... [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
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