The Elites got us this far, now here comes the Globalist's Final Push:
UN fears third leg of the global financial crisis, with epic debt defaults
The third leg of the world's intractable depression is yet to come. If trade economists at the United Nations are right, the next traumatic episode may entail the greatest debt jubilee in history.
"The benefits of a rushed integration into international financial markets post-2008 are fast evaporating," it said. Yet the suffocating liabilities built up over the QE years remain.
The world must launch a "global new deal". The world will soon need a massive and coordinated spending push by governments to create demand and bring the broken global system back into equilibrium. UNCTAD is entirely right about that.
If this does not happen, it is sauve qui peut. (Run for your life)
However, what UNCTAD shows is that globalisation has not in fact worked for these countries, bar a few exceptions. One starts to suspect that it works for nobody except the owners of capital and their close allies.
Edited by Rogerdodger, 21 September 2016 - 10:15 PM.
