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The Real Risk Of A Coming Multi-Decade Global Depression and How We Can Put Off the Inevitable as Long as Possible

 
Rayban
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04/07/2015 12:38 PM
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The Real Risk Of A Coming Multi-Decade Global Depression and How We Can Put Off the Inevitable as Long as Possible
In the video below Richard Duncan, economist and author of The Dollar Crisis and The New Depression: The Breakdown Of The Paper Money Economy, isn't mincing words about the risks he sees ahead for the world economy. Essentially, he sees the past 50 years of economic prosperity fueled by globalization and easy credit in serious danger of being unwound, as the doomed monetary policies currently being pursued by the word's central banks result in an inevitable massive multi-decade depression that spans the globe.

He then states the only option is to put it off for as long as possible is through massive economic growth brought about by massive government borrowing and investment at near zero interest rates in society changing new technologies (Nano-Technology, Bio-Technology, New Energy Technologies, etc.) that could give us another 50 years of our current way of life. Without it he claims we face a massive global economic collapse within a decade that could end modern industrial civilization as we know it.

[link to www.youtube.com (secure)]


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