DOOMSDAY CYCLE

SAN LUIS OBISPO, Calif. (MarketWatch) — Warning bells, alarms scream louder. But our banks and politicians can’t hear, are deaf, in denial. Won’t take action … not until it is too late.

That’s the latest from Simon Johnson and Peter Boone in “The Doomsday Cycle Turns: Who’s Next?” Who is next? America, Japan, the euro zone are the triple threat next in the line of fire, in danger of collapsing, thanks to a doomsday conspiracy where global “political and financial systems have aligned to build these dangers rather than suppress them.”

America has ignored the lessons of the 2008 meltdown even though coming “remarkably close to another Great Depression. Next time, we may not be so lucky.”

Three years ago, the first warning: “The Doomsday Cycle.” Since then Simon Johnson, former IMF chief economist, co-authored two bestsellers, “13 Bankers: The Wall Street Takeover and the Next Financial Meltdown,” and recently, “White House Burning.” Peter Boone is a research associate at the London School of Economics, which published their doomsday warnings.

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