Here are four quotes from a new book, describing the forthcoming economic upset:
“Credit expansion … is causing slow economic decline and deepening the world’s debt problems.”
“Credit can easily be created, thereby creating artificial wealth, but it is difficult to reverse the process.”
“Neither Keynes nor his disciples foresaw the eventual creation of unaffordable debt nearly a century later.”
“Pricing power … has now disappeared and this loss affects most industries.”
These statements all appear in this book:
ebook9781907230776, UK print edition 9781907230790, US print edition 9781907230769, paperback 9781907230783 available everywhere except UK/US, see links to stores. The UK print edition has a UK postscript as a bonus.