Home / Economic Conditions / Bad News for 2012
Print Friendly and PDF

Bad News for 2012

Written by Gary North on December 1, 2011

The OECD is a middle-of-the-road international agency. It reports on economic trends. It favors Keynesian intervention at all times. Here is a video of its latest predictions.

Here is the message: The world will muddle through in 2012, unless the euro crisis intensifies. If that happens, the world goes into prolonged recession.

This report is straight Keynesianism. It promotes government intervention. It is cheerleading for Europe’s governments to borrow more and spend more. It does not say what the governments should do . . . just something. The fact that the OECD would publish a video this depressing indicates that the Keynesians are worried. This economy could crash. They are getting on record in advance that they warned against this. But, basically, it’s a re-hash of what everyone knows. The Eurozone is coming apart. The politicians are sitting on a ticking time bomb.

Print Friendly and PDF

Posting Policy:
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

One thought on “Bad News for 2012

  1. harbinger says:

    I was trying to watch the video and an error message says: "its private". What Gives.