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Olduvai III: Catacylsm
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The Three Ds of Doom: Debt, Default, Depression

The Three Ds of Doom: Debt, Default, Depression “Borrowing our way out of debt” generates the three Ds of Doom: debt leads to default which ushers in Depression. Let’s start by defining Economic Depression: a Depression is a Recession that isn’t fixed by conventional fiscal and monetary stimulus. In other words, when a recession drags on […]

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he Coming Global Financial Crisis: Debt Exhaustion

The Coming Global Financial Crisis: Debt Exhaustion The global economy is way past the point of maximum debt saturation, and so the next stop is debt exhaustion.Just as generals fight the last war, central banks always fight the last financial crisis. The Global Financial Crisis (GFC) of 2008-09 was primarily one of liquidity as markets froze […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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