CREDIT TO WERNERUL FOR THE LINK
http://www.martinarmstrong.org/files/Is%20the%20End%20Near%2006-05-2011.pdf
"There is a danger that some brain-dead economists are actually saying that we may need a war to drag the economy out of the depths from where it lies currently.
Let me make this PERFECTLY CLEAR!
War destroys the economy it does NOT reverse an economic downtrend. "
It appears we will see rising interest rates overall globally as capital shifts to private sector assets (non-real estate) as an alternative to bond investment.
Business is still not likely to borrow to expand for the same reason it did not at the bottom of the Great Depression.
WITHOUT CONFIDENCE IN THE FUTURE, NOBODY WILL BORROW TO INVEST. Until they start to figure this out, we are in a downward spiral.
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