RECESSION MY ASS...!
IT'S GOING TO BE A MAJOR PARADIGM SHIFTING DEPRESSION! 1930'S STYLE!
RECESSIONS ARE MICROECONOMIC EVENTS...OVER PRODUCTION FROM TOO MUCH EASY MONEY...FOR EXAMPLE. BUT THE UNDERLYING ECONOMIC INFRASTRUCTURE REMAINS INTACT WHILE THE EXCESSES ARE BURNED OFF...
DEPRESSIONS ARE MACROECONOMIC EVENTS!
AS WITH COLLAPSING CURRENCIES...LIKE THE UK POUND IN THE 1930'S TO 1950'S.
GLOBAL PERMA-SHIFTS IN THE BALANCE OF ECONOMIC POWER...AS WITH CHINA NOW. AND FROM THE OLD EMPIRES OF EUROPE TO THE US IN THE 1900-1930 PERIOD.
RECESSIONS ARE TEMPORARY... DEPRESSIONS REPRESENT MAJOR SHIFTS IN THE TECTONIC PLATES OF THE GLOBAL ECONOMY... WHAT'S COMING IS MORE LIKE THE 1930'S THAN IT IS EVEN THE 1970'S...OR THE MINI-QUICKY-RECESSIONS OF THE 1990S...
IN FACT WE WILL NOW PAY THE PRICE FOR THOSE MINI RECESSIONS OF THE 1990'S...WHICH WERE ABORTED FAST WITH EASY MONEY...AND NOW THE DOLLAR COLLAPSE...
IGNORING THE COLLAPSING DOLLAR IS LIKE IGNORING CANCER...IT'S POSSIBLE TO DO...BUT IT WILL KILL YOU IN THE END...
