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FEB 15, 2013 - Zero Hedge

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Guest Post: The Global Endgame in Fourteen Points

Submitted by Charles Hugh-Smith of OfTwoMinds blog, An over-indebted, overcapacity economy cannot generate real expansion. It can only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral. I have endeavored to lay out the global endgame in four recent entries: Is This the Terminal Phase of Global Capitalism 1.0? (February 8, 2013) Note to Fed: Giving the Banks Free Money Won't Make Us Hire More Workers (February 11, 2013) Cheap, Abundant Credit Creates a Low-Return, Bubble-Prone World (February 12, 2013) Europe Is Not ... Read More

Tags: Guest Post: The Global Endgame in Fourteen Points,  Eurozone Latest News