Released December 14, 2013
with Charles Hugh Smith & Gordon T Long
28 Minutes, 27 Slides
Charles Hugh Smith lays out his six Key Themes for 2014, the rationale for each and the ramifications.
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The Number One growth industry in the private sector will increasingly be lobbying the government for favors.
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The decline in local government services will accelerate as rising pension/ healthcare costs squeeze budgets.
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Credit creation will decline, removing the engine of expansion in a debt-dependent consumer economy.
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Middle class income, purchasing power and discretionary income will all continue to stagnate.
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The African oil exporting nations will move from the back-burner to the front ranks of geopolitical flash-points, joining the South China Sea, the Mideast and North Korea.
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The Federal government will quietly absorb the rising losses from defaulting student loans rather than reveal the bankruptcy of the entire Higher Education/Student Loan Cartel.
The conclusions are well founded and thought out, but alarming.
Video: 2014 Themes with Charles Hugh Smith & Gordon T Long
28 Minutes, 27 Slides
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