The Non-Recovery In Advance of A Depression

Saturday, January 19, 2013
By Paul Martin

Monty Pelerin
Jan 17 2013

For anyone who believes that there has been an economic recovery, go buy the Brooklyn Bridge. I’m sure there are thousands who would be willing to sell it to you.

There will be no recovery until the economy crashes and rebuilds from the ashes. There is too much debt outstanding can never be repaid and will not be serviced. Governments are beginning to recognize that they are near the end game. Extending and pretending is all they have left. The economy cannot be turned around, nor can a Depression be avoided.

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