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"There is no means of avoiding a final collapse of a boom brought about by credit expansion." It's only a matter of sooner "or later as a final and total catastrophe of the currency system involved."
Expect a deepening global depression; protracted economic, political, social, and institutional upheaval; mass unemployment, poverty, homelessless, and hunger; and severe repression to curb public anger. Blame it on decades of political influence buying yielding unprecedented returns for the privileged, but economic wreckage and catastrophic life changes for the rest. The price of excess is pain, lots of it for the world's disadvantaged, the ones who always pay for rich peoples' sins.
Stephen Lendman is a Research Associate of the Centre for Research on Globalization. He lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.
Also visit his blog site at sjlendman.blogspot.com and listen to the Lendman News Hour on RepublicBroadcasting.org Monday - Friday at 10AM US Central time for cutting-edge discussions with distinguished guests on world and national issues. All programs are archived for easy listening.
http://republicbroadcasting.org/Lendman
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