Our fearless leader shared his thoughts on the New World Order in the latest edition of Carnet Atlantique, everything from the global financial collapse to the 2012 election season. Behold:
“Since it all began in 2007 – 2008, governments have struggled to throw everything they had at the problem. When this history is retold, while there will be plenty of well-deserved criticism of governments and central bankers for one or another mistake, by and large we made the best of a miserable situation.
But, time is running out.
We tried Keynesian economics. Some very smart economists and governments thought they held the magic wand from the Great Depression. We tried everything we thought we learned from the Great Depression. We failed. Not for want of trying. We tried. But, I submit, we were doomed to fail.
Some criticize for our not having done as much as we should have. Others will criticize for having done more than we should have. Both are right. We did too much. We did too little. It doesn’t matter. We failed. We failed because we were doomed to fail. In my view, the cure is not more government and central bank support, nor less, but something entirely different: TIME. It will, like it or not, take more time to get past this nightmare. At least another 3 to 5 years.”
Read more on France, America and the world beyond in the latest edition of Carnet Atlantique!