19 December 2011

2012: Worse than 2008!

Martin D. Weiss Ph.D. | Monday, December 19, 2011 at 7:30 am

If you think 2008 was a bad year, wait till you see 2012!

The world’s largest banks have far less capital, the world’s largest governments have far less bailout power, and each is pulling the other into an abyss.

Yet, BOTH bankers AND government officials seem mostly oblivious to the dire realities, sleepwalking through daily life as if nothing had changed.

Burying the Truth

Over 100 years ago, novelist Émile Zola put it this way: “If you silence the truth and bury it underground, it will grow and gather such explosive power that the day it bursts through it will blow up everything in its way.”

This is a key reason why economies crumble, markets crash and entire empires wind up in the junkyard of history.

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