The Final Crash: Addictive Debt And The Deformation Of The World Economy Hugo Bouleau

ISBN: 9780955521706

Published:

Hardcover

246 pages


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The Final Crash: Addictive Debt And The Deformation Of The World Economy  by  Hugo Bouleau

The Final Crash: Addictive Debt And The Deformation Of The World Economy by Hugo Bouleau
| Hardcover | PDF, EPUB, FB2, DjVu, audiobook, mp3, ZIP | 246 pages | ISBN: 9780955521706 | 9.44 Mb

Equity and Property Meltdown: Is it misery or manumission? The Final Crash is a warning to those who fall prey to the classic human conditioning that makes us feel as though the good times will never cease- just when they are about to. It exposes the relentless rise and corrosive effect of debt on those who are drawn into its tempting trap. The use and abuse of borrowing and gearing - by the public and professionals alike - bears an uncanny resemblance to the build-up of drug dependency by an addict.

The classic cycle of occasional use to reliance then ultimate ruin will become all-too-clear to readers of this book. The endemic spread of indebtedness is both oppressive and financially toxic: tainting individuals, banks, corporations and even governments as they stumble unwittingly along a path of economic self-destruction. The proliferation of mass-produced money has been propagated by commercial banks and nurtured by central banks in both Britain and America. Their actions were initially designed to stave off the worst effects of 9/11 but they have since spawned a string of destabilising asset price bubbles, whose burst will drag the West into an unprecedented slump.

Those who are best placed to warn of an impending crash are also those who benefit from the multiplication and distribution of debt which, like the devil, comes in many disguises. Borrowing and speculation are embedded in every component of our financial system- packaged with semantics and comforting euphemisms designed to trap the unwary. The mere possibility of a recession, let alone a slump, is vehemently denied by those with lucrative careers and vested interests to protect.

It has taken an investment manager at the coal-face of markets to make the case for what may be the greatest depression since the dawn of the industrial revolution. We must prepare and adapt to survive the coming crash which is already beyond prevention. Like the biblical Armageddon, the deformation of the economic system need not be feared as an end of days but should be viewed as a new beginning or period of purification where the twin evils of debt propagation and inflation may be eliminated once and for all.

That which at first appears to be a calamity will ultimately prove to be the catalyst for our liberty.



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