Relevant:
- Debunking The Purported "Need to Double Credit in 10 Years"
- The West Will Become The New 'Third World': per PWC, and.... Plutarch (ca. 1 AD)
- H.L. MENCKEN WAS RIGHT
- How long will it take black families to catch up with white wealth? A Mere 228 Years.
- When housing 'wealth creation' leads to national wealth destruction
2010-08-24 — matterhornassetmanagement.com
``There has probably never been a period in world history which has caused the amount of wealth destruction that we are likely to see in the next few years. If we are correct in our assumption that the West will see a correction of the excesses of the last circa 40 years but more probably of the last 200 years, since the start of the industrial revolution, we could see a total annihilation of the assets that have been fuelled by the credit bubbles.''
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