Legend Jeremy Grantham Just Issued A Dire Warning To The World
KingWorldNews.com
July 20, 2016
With the U.S. dollar continuing its surge as gold and silver pull back, legend Jeremy Grantham has issued a dire warning to the world.
A portion of today’s note from Art Cashin: “You’re Gonna Need A Bigger Boat! – As you hopefully remember, that’s the famous line from the movie, “Jaws”, uttered when the authorities realize that the problem (the shark) is much, much larger than they first assumed.
When it comes to immigration, maybe the line should be – you’re gonna need a bigger wall – and we’re not talking Donald Trump here. We’re referring to Britain, the EU and what fear might have helped pushed the Brexit vote through.
Jeremy Grantham touched on the potentially explosive possibilities of immigration pressures in a recent discussion of Brexit. Here’s a bit of what he wrote on the possible pressure coming from Africa and the Middle East:
The truth about immigration to the EU, in my view, is bitter. As covered in earlier quarterlies, I believe Africa and parts of the Near East are beginning to fail as civilized states.
They are failing under the pressure of populations that have multiplied by 5 to 10 times since I was born; climate for growing food that is deteriorating at an accelerating rate; degraded soils; insufficient unpolluted water; bad governance; and lack of infrastructure. Country after country is tilting into rolling failure.
This is producing in these failing states increasing numbers of desperate people, mainly young men, willing to risk money and their lives to attempt an entry into the EU.
The Rest…HERE
