Monday, 17 September 2012 09:49
‘We have the greatest level of debt to GDP to cancel in 500 years which means we are approaching the greatest Depression in 500 years. That means the greatest levels of Austerity unemployment, wage cuts, defaults, bankruptcies and starvation in 500 years in Europe, North America and the rest of the world. Of course if we followed Dr Keen’s advice on Debt Cancellation we know for a certainty: ‘This need not be.’
The nations which have been deindustrialized (emphasis on America) will face the hardest landing when debts are cancelled and we are forced to face reality. He said he feared for the fate of those people in deindustrialized nations when the paper Bubble is pierced.’
Read more: This Is Your Final Warning: The Worst Financial Disaster In 500 Years Is Nigh
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