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IPFS News Link • Pandemic

Doug Casey: The "Greater Depression" Is Coming

• https://www.zerohedge.com, Tyler Durden

There's plenty of concern that the coronavirus outbreak is pushing us toward a crash. And after the market's recent dive, the panic is only growing. 

Regular readers know Casey Research founder Doug Casey sees the next depression around the corner. But as he explains below, "government coercion" planted the seeds for a downturn long before the coronavirus appeared.

Just because society experiences turmoil doesn't mean your personal life has to. And a depression doesn't have to be depressing. Most of the real wealth in the world will still exist – it will just change ownership.

What is a depression?

We're now at the tail end of a very long, but in many ways a very weak and artificial, economic expansion. At the same time, we've had one of the strongest securities bull markets in history. Both are the result of trillions of new dollars created over the last decade.


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