Slowdown Brings Forward New Crisis

Dr. Michael LaitmanOpinion: (Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC): “The current slowdown in the world economy has brought forward the timing of a new financial crisis.

“’I thought a few months ago that the perfect storm would be 2013,’ Roubini said in an interview in London today. ‘But now, the economic weakness in the U.S., euro zone and the U.K. is front loaded. So we’re going to double dip earlier. The climax of it could be 2013, or it could be already earlier. It depends on what policy tools are available.’

“Another financial crisis ‘is already manifesting itself’ in developed economies.

“Roubini said if he had large amounts of money to invest, he would ‘mostly keep it in cash,’ especially in dollars, as the U.S. currency tends to strengthen during financial crises.”

My Comment: The more frequently we will experience crises, the quicker we will understand that they have their purpose, nature, cause, and goal: to force us to realize our egoistic opposition to global, integral nature.

Nature compels us toward mutual guarantee, flexibility, and realization that we are integral parts of a single mechanism. We are entering the stage of our “human” development, and we will be forced to reach the quality of “love thy neighbor as thyself”—the law of commutation of single system elements.

Related Material:
The Holy Equivalent Of Egoism
Nobel Laureates, Economists Predict The U.S. And Europe Long-Term Crisis
Don’t Wait For Trouble

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