Saturday, February 8, 2014

Economic Collapse and Fascism Rising

So, yes, I’m very concerned about the future. I believe that ultimately the decisions that policymakers are going to be facing either this year or next year, are going to be one of default or debase. Neither of these sets of outcomes are going to be greeted well by financial markets. This will mean much lower equity markets, higher interest rates, and a global reset with respect to the existing global financial architecture. But what you are going to see in the future is going to be unprecedented. I don’t even think the experience of the Great Depression of the 1930s will properly describe what is in store for people.

My fear is that as social unrest breaks out pretty much everywhere, the governments of the world will use this as an opportunity to increase the ‘Orwellian’ police state. We have already seen signs of this in many countries, including the United States. But governments will crack down even further. So that will mean a further loss of freedoms for ordinary citizens, under the premise of restoring social order. I view these trends as quite disturbing and leading to a future that is increasingly fascist in my view.” - Coming Global Collapse Will Eclipse The Terror Of 2008

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