Friday, December 12, 2008

The Very Great Depression

I am of the opinion this is a bookmarkable site. So I am going to share...
GlobalEurope Anticipation Bulletin LEAP/Europe 2020

Lots of good reading here.

How I found them was through an interview on Gun's & Butter.

Wednesday, December 10th, 2008
"Understanding the Next Phase of the Global Systemic Crisis" with Director of Research for the GlobalEurope Anticipation Bulletin, Franck Biancheri. We discuss the global systemic crisis leading to a Very Great Depression...

You really got to listen, as in pay attention, because this gentleman has a heavy accent.
But, it is well worth it.

Interesting they made these forecasts some time ago.....


Why the Very Great Depression?
His organization believes that the coming depression will be worse then the one in the 30's.
One of the reasons he cites for this is, the population of the US (and Canada) are older. When the depression hit in the thirties the population was younger, more resilient and better able to persevere. ( I am thinking also that the population was more rural as opposed to urban)
The lifestyle of the middle class will be halved. There will be military intervention of some sort, projected for mid-2009.

Give a listen to the interview, check out the website.

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