“We’re Living In A Make-Believe World” Biderman Warns “A Global Recession Is Inevitable”…(Going To Need a War For That!!)

by Tyler Durden
ZeroHedge.com
05/26/2015

“Right now, we’re living in a make believe world. Debt can’t be the main source of growth. Without a pick-up in final demand a lot of bad debts are out there. As long as you have excess capacity in the commodity production you have bad loans throughout the system. That means you have governments who can’t repay their debt without selling new loans and all their bad loans are funded by the central banks…. I think a global recession is inevitable…You just can’t devalue your way to prosperity. As long as the number of shares keeps declining, stock prices are going to go up and nobody cares [but] in the long term there has to be a major correction.”

The Rest…HERE

This entry was posted on Tuesday, May 26th, 2015 at 3:13 pm and is filed under Conspiracy, Corruption, Economics, God Help Us, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.