The 2020 crisis is the accumulation of the demographic problem which will entail a financial and economic disaster. The world’s most productive populations are ageing and will subsequently disappear.
Politicians, journalists and the financial press are ignoring the flashing warning signs. Economic mavericks like Max Keiser, financial critics like Steve Keen and mainstream economists like Paul Krugman are debating financial repression, monetary and fiscal intervention or allowing for more free markets and more real capitalism. None of them seems to touch on what is plain to see for us all: the youth in the most productive countries is disappearing at a breathtaking pace. States like the US, France and the UK are attempting to make up for it with the acceptance of unprecedented large numbers of unskilled and even undocumented migrants. The 2008 financial crisis and the 2011 euro crisis are portents of what has yet to come.
Gefira Financial Bullletin #23 is available now
- The US trade deficit is growing at a staggering pace
- No changes on the Moskva River. Forecast of Russian policy after the presidential election
- A turn towards Asia and the Middle East