Economic Crisis

Economic Crisis is a video that introduces the book, "Global Economic Forecast 2010-2015: Recession Into Depression." Written by Sheldon Filger, who predicted the onset of the global financial collapse of 2008 in a previous book, "Global Economic Forecast 2010-2015" predicts that the massive levels of sovereign debt incurred by governments since 2008 to bailout insolvent banks and fund economic stimulus programs would inevitably lead to a global debt crisis. According to Mr. Filger, that global debt crisis will transform the current Great Recession into a devastating worldwide economic depression. In particular, the author of "Global Economic Forecast 2010-2015" states that the United States, United Kingdom and European counties within the eurozone are especially vulnerable to a debt-induced economic crisis that will rival the Great Depression of the 1930s in its severity. More information on Sheldon Filger's economic forecasts can be found on his website, http://www.globaleconomiccrisis.com

Category:

News & Politics

Tags:

• economic crisis
• financial crisis
• debt crisis
• global economic crisis
• economic forecast
• great recession
• great depression