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Top Economic Advisers Forecast World War
Submitted by George Washington on 11/18/2012 11:40 -0500
Charles Nenner China Global Economy Goldman Sachs goldman sachsJim Rogers Kyle Bass Kyle Bass Marc Faber Purchasing Power Trade War Trade Wars
Kyle Bass writes:
Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social fabric of the profligate nations will be stretched and in some cases torn. Sadly, looking back through economic history, all too often war is the manifestation of simple economic entropy played to its logical conclusion. We believe that war is an inevitable consequence of the current global economic situation.