Fitzwilson: Global Meltdown of Historic Proportions & A Fork in The Road !
- Global Meltdown of Historic Proportions & A Fork in the Road!
With continued volatility in many of the key global markets, 40 year veteran, Robert Fitzwilson wrote this exclusive piece for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations: “The Central Banks have been pursuing a very flawed strategy. Unfortunately, full speed ahead might be the only remaining alternative. Printing money to stimulate growth, in the face of declining/aging workforces and falling productivity, will result instead in lowering aggregate real returns for investors and exponential depreciation of fiat currencies.”
Desperation is in the air. The Central Banks must choose between devaluing fiat money or a steep global economic slide of historic proportions. Underfunded and unmet social safety net programs will also lead to unrest and rioting if the current trends in employment and economic decline are not reversed.
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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