Why I see the potential for a Greater Depression and societal dislocation

OK, so I’m not in the “Mad Max is inevitable” camp. But who said Greater Depressions and societal dislocation were any fun?

Check out Dmitri’s latest piece.

All I can hope is that this crisis somehow leads to a global agreement on oil that slowly transforms into a global democratic Federal government, akin to the way the EU evolved out of a coal and steel agreement. We shall see.

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