Global Economy at "point of maximum danger"

"If we are lucky, America will start to stabilise before Asia goes down. Should our leaders mismanage affairs, almost every part of the global system will go down together. Then we are in trouble."

I think it is very sad that I, one with no economic experience and no contacts in the global market or business media... saw this coming over a year ago simply by tracking internet 'article comment' (or Youtube comment, etc) trends. You can learn a lot from this place called the 'blogosphere' (as long as you drop personal bias while you are doing so).

Well Malcolm, I was in the same seat as you. I read economics books (Creature from Jekyll Island, Freedomnomics etc.) and one thing that I have learned is that many people actually benefit from this economic swings. Whenever the economy goes down, everyone places the blame on the individual and the free-market. Of course, the free-market is not to blame simply because it doesn't exist anymore. Politicians and bureaucrats always place blame on business' when in reality - they themselves caused the problems (inflation, deflation, fractional-reserve banking, regulatory agencies etc.) So the result is a stupid populous that will actually chant and rave about how the government needs MORE authority. So the people who cause the problems get to benefit while the scapegoats get left holding the bag. This is how our society works.