Here’s some thoughts on the forthcoming U.S. presidential elections and the global depression from the inimitable Doug Casey, which I felt were worth sharing.
“We get a deepening of the Greater Depression regardless of who wins. If Romney wins, it gets blamed on capitalism, which would be a long-term disaster. But if Obama wins, we’ll get a Krugman-Stiglitz wet-dream of a government. That would be a complete near-term disaster.”
“It’s as with Wile E. Coyote. He runs off a cliff, and you logically think he’s going to fall right away. But he doesn’t – his feet keep windmilling in the air, and the law of gravity doesn’t kick in until long after he should have dropped. The US now resembles nothing more than a hapless cartoon character.“