from Casey Research
Editor’s note: America is headed for something much more serious than any past crisis…
As Casey Research founder Doug Casey said yesterday, it will be economic bankruptcy accompanied by financial chaos. In today’s essay, Doug takes a closer look at the big picture…
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The long run is much more serious because the next chapter of the Greater Depression has every chance of radically, and at least semi-permanently, overturning the basic character of American life. Ice turned to water—suddenly and unexpectedly—in Russia in 1918, Germany in 1933, China in 1949, Vietnam in 1954, Cambodia in 1975, and Rwanda in 1995. Those are just the first examples that come to mind. There are scores more.