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Topic: "permanent deindustrialization?"
Member # 2917
Inflation explodes in USA, Europe faces "permanent deindustrialization"
Today's podcast, which focuses on maintaining peace in a time of global war, features an interview with Finnish economist (and CEO of GnS Economics) Tuomas Malinen, who recently tweeted warnings about the coming implosion of the European economy."
We are essentially on the brink of another banking crisis, a collapse of our industrial base and households, and thus on the brink of the collapse of our economies," Malinen stated in a recent twitter thread.
In our interview (below), I asked Malinen about the collapse of Europe's industrial sector. He reminded me that US banks have extreme exposure to the financial failure of European banks.
This is a hard-hitting interview and story today. the podcast and the interview here.
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