How Businesses Can Save Themselves from the Impact of the Banking Crisis
|How Businesses Can Save Themselves from the Impact of the Banking Crisis|
|Trefwoorden:||geld, crisis, bankieren, bankcrisis, WIR, systemen|
|Download:||How Businesses Can Save Themselves from the Impact of the Banking Crisis|
Whatever governments do for the banks, credit will be a lot harder to obtain for businesses, for many years to come. The trickiest aspect of the current situation is the simultaneous, global nature, of the banking crisis. The world economy will predictably veer towards a simultaneous recession, which in turn will worsen the banks’ balance sheets, motivating them to further reduce credits, and so on, down a vicious spiral towards either a decade-long recession, or even a possible depression. Please, get ready now for a rough ride for an uncomfortably long time. What all this means in practice is that we have now entered the period of an unprecedented convergence of the four planetary megatrends - financial instability, climate change, unemployment and an aging society - that was described in my 2001 book, The Future of Money.