Is this really the end of the world? Former hedge funder Raoul Pal recently gave a presentation which makes the most terrifying prediction we’ve seen since the start of the financial crisis.
In a nutshell, this crisis is even worse than 1930. All G20 countries are in the same dire condition at the same time, with no prospect of recovery. The West is dead. And the future belongs to the Pacific Rim.
A grim prospect indeed. Perhaps 2012 is really the end of the world
See the presentation here: