What is happening?
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There are a lot of questions people are asking themselves today. Among them: How serious is this economic downturn likely to be? How long will it last? How can it be ended? Whose fault is it? The answers to these questions being given by pundits, economists, money honeys, and politicians are, almost without exception, totally incorrect. This is most unfortunate because it means the actions taken by the US (and, it appears, every other government in the world) are not only going to be ineffective but counterproductive. For years, Ive predicted something Ive called the Greater Depression. Ive seen its arrival as being completely inevitable. Only its exact timing was in doubt. So let me be as clear as I can be about whats going on in the world right now. |