August 24, 2015
The quicker the economic collapse happens, the better.
Stock markets in London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.
London’s FTSE 100 index was down by 2.6% in morning trade, with major markets in France and Germany also falling by a similar amount.
Shares in Asia were hit overnight, with the Shanghai Composite in China closing down 8.5%, its worst close since 2007.
The Chinese authorities tried in vain to reassure investors.
Probably we won’t ever see an Alex Jones-style Mad Max/Walking Dead economic collapse, but I think we are probably headed for another 2008 pretty soon. And it might be significantly worse than last time.
But hey, leading up to the election, if the economy’s worse, people are going to be a lot more likely to vote for the guy who wrote The Art of the Deal.