I was thinking, gee, this sounds like that guy Ambrose Evans-Pritchard. Yep, that’s who it is. Between him, David Stockman, and Niall Fergusen, we are definitely doomed.
The Muslims in the EU countries is the icing on the cake. Sucks to be them.
>> I was thinking, gee, this sounds like that guy Ambrose Evans-Pritchard. Yep, that’s who it is. Between him, David Stockman, and Niall Fergusen, we are definitely doomed <<
Evans-Pritchard is totally unreliable. That’s not to say that he’s necessarily wrong in the instant case. But most of the time, when I read one of his articles, I find it’s best to take his conclusions and turn them around 180 degrees. Then you’re more likely to find the correct answer!
Stockman used to be a sensible guy. But now he’s almost as bad as Ambrose. But at least he mostly confines his doom-and-gloom stuff to “gold bug” commercials on cable TV. No intellectual heft these days, and very easy to ignore.
But Niall Ferguson? I say he’s absolutely one of the finest minds on the contemporary scene. He’s one of my intellectual heroes, and I rank him nearly as high as Victor Davis Hansen, Tom Sowell and Arthur Brookes.
.......re, your statement “we are all definitely doomed”
respectfully, let me point out a few counter facts:
1. We are not “all”......................”doomed”. Some people are ‘definitely’ going to lose their jobs and they will be hard to impossible to replace. So, some of those people will be, kind a sort of, “doomed”. But, many of them will discover they have skills and talents they did not know they had and will improvise, persevere and survive.
2. Some geographic areas in the US (rustbelt) are going to get hammered and yes, some people there are going to be “doomed”. But,not ALL.
3. Many TRILLIONS of wealth are going to simply evaporate kind of like what is happening to the stock market as I type this morning. It’s down 300 points at 9:56 am. I don’t know how many billions of lost wealth (jobs) that is but it is a lot and it likely will not be regained in any of our lifetimes.
4. In the great depression, which ultimately will be seen as a cake walk by experts, some 80% of people still got up and went to work every day. Again, not “ALL” were “doomed”. I know my dad worked all through the depression.
As I tell my two kids, “it is going to get real bad but you must be sure you are in a recession/depression proof business”. Or, if not recession “proof” it should be “recession/depression resistant”. For the most part, and broadly speaking, this means the food industry, the housing industry, the service industry, the transportation industry or the health industry.