'..the big developed economies .. work through their mountains of debt..'<blockquote>'Robert Prince, co-chief investment officer at Bridgewater, and his managers at the world's biggest hedge fund firm are preparing for at least a decade of slow growth and high unemployment for the big developed economies. Mr. Prince describes those economies—the U.S. and Europe, in particular—as "zombies" and says they will remain that way until they work through their mountains of debt.'
- Tom Lauricella,
Bridgewater Takes Grim View of 2012, January 3, 2012</blockquote>
Context<blockquote>
'World’s Biggest Economies Face $7.6T Debt Led by Japan $3 trillion, U.S. $2.8 trillion..', January 03, 2012
Government['s] .. privilege [of] .. fractional reserve banking .. a fraudulent business practice.'Understanding the ECB’s Balance Sheet Composition, January 5th, 2012
'..fiat inflation is a powerhouse of social, economic, cultural, and spiritual destruction.' - Jörg Guido Hülsmann(Open Source) Open Source Ecology - Open-sourced blueprints for civilization'The tide of war is receding.' '..a profound love..' -
The Regrets of the Architect of the Cold War</blockquote>