The Global Economy Is At The Point Of Maximum Danger
It feels like the summer of 1931. The world’s two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution.
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Were you around in 1931, Ambrose? I don’t think so. I know a man who was, though, and although he may not be a “world leader” in the sense you mean, he published the answer to the problem about a year ago. But you don’t like his plan, do you, because it guarantees the end of the free ride your bum-chums in the City have enjoyed for the last few decades. And so even with doom staring you in the face, you’ll all still fight to the death to prevent any such solution being implemented.