CoinMiner

Great Depression Not Imminent, But Inevitable

As noted above, the corruption present al all levels of governmental management and regulation will no allow speculative positions to fully deleverage or unwind completely. An organic depression is natural to both the credit and economic cycles. However, the populace have heretofore supported shifting the deleveraging to other pools (TBills), clients (asia) and future generations. This compliant acceptance allows the continuation of such policy - indefinitely (or until public acceptance changes).