Debt and Derivatives Crisis

The current financial crisis that we are in has 2 causes:

• Excessive debt, especially in the developed world; and


• Excessive speculation, especially in financial derivatives

Given the size of the problem, a worsening of the global economic and financial situation is, in my view, inevitable.  To only question is timing, and that is dependent on how much longer governments around the world can delay the collapse due by using various policy measures, including monetary easing.

Enclosed below is a short presentation on the financial crisis situation from someone who appears to me to be very well-informed.  Be warned, and be prepared!

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