Friday, May 28, 2010
Warning, Will Robinson...
The Depression Of 2011? 23 Economic Warning Signs From Financial Authorities All Over The Globe
The truth is that we are facing the greatest sovereign debt crisis in modern history. There is no way out of this financial mess that does not include a significant amount of economic pain.
When you add mountains of debt to paralyzing fear to strict austerity measures, what do you get?
What you get is deflationary pressure and financial markets that seize up.
Some of the top financial authorities in the world are warning us that unless something substantial is done, that is exactly what we are going to be seeing as 2010turns into 2011.
Of course some governments around the world could try to put these economic problems off for a while by printing and borrowing even more money, but we all know by now that only makes the long-term problems even worse.
For now, however, it seems as though most governments are opting for the austerity measures that the IMF seems determined to cram down the throats of everyone.
So what will austerity measures mean for the global economy?
Think "stimulus" in reverse.
Yes, things are going to get messy.
It looks like there is going to be a great deal of economic fear and a great deal of economic pain in 2011 and the years beyond that.
So are we headed for "the depression of 2011"?
Well, let's hear what some of the top financial experts in the world have to say....