A quick recap of the current, global economic statistics. (They are all deteriorating). I use a simple analogy to provide clarity over how and why money is created. Greece: the endgame. The student debt crisis: the case of “adjunct professors” frequently receiving some form of government assistance. The unwinding of 50 years-worth of economic prosperity fueled by globalization and easy credit. The consequences will be unthinkable. Stock market comment. The latest James Kunstler offering, showing why it is so imperative to leave the United States for safer refuge. Massive capital outflows from developing economies.
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