Present Economy Worse than Depression
The Black Swan author Nasim Nicholas Taleb and his mentor, mathematician Benoit Mandelbrot, who say on a interview “the current economic situation could be worse than the great depression”. Here’s a video interview:
“The banking system, the way we have it, is a monstrous giant built on feet of clay. And if that topples, we’re gone. Talking to the the administration which has run up $7.7 trillion in national debt he said ” Maybe that’s why the US Gov’t has pledged $7.7 Trillion (half of America’s annual GDP to fix this). I wonder if it’ll work?
-Via Boingboing.net
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