My grandmother used to say, “It’s an ill wind that blows nobody good.” Maybe so:
We are witnessing a global economic contraction resulting from years of artificial growth fuelled by personal, corporate and governmental debt. When we reach bottom, they say, we will stay there. Globalism will collapse, and deflation and depression will stalk the land.
…predicted veteran analyst William Macdonald in his written submission, “it could also lead to the breakdown of the globalization project itself.”
