Title: "We're At Peak Level Of Private Debt" - Professor Steve Keen Source:
[None] URL Source:https://www.youtube.com/watch?v=wvZnAy1xe8c Published:Sep 5, 2017 Author:Steve Keen Post Date:2017-09-05 19:26:45 by Horse Keywords:None Views:44
Poster Comment:
A Depression is a period in time in which Unpayable Debts are cancelled en masse. The severity of a Depression can be predicted by measuring the level of Unpayable Debts to be cancelled. In an earlier interview he said we are headed to the worst financial crisis in 500 years because we have the greatest amount of debt in five centuries.
During the 1930s at least 3 million Americans (out of 123 million in 1929) died from starvation. We have added 200 million people and have even more Unpayable Debts to cancel so we are headed into a period when a lot more a few million Americans will starve to death. This fact demand we come up with solutions that will work.
IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.