We
covered this yesterday, but this article may make things easier to
grasp than the original paper
Expert
Explains In Horrifying Detail How The Next Shock Will Shatter The
Global Economy
7
November, 2012
The
eurozone is on a path
into a deep recession. As
one of the largest and most advanced economies in the world, its
centrality to a system of highly-interconnected global supply chains
is taken for granted.
David Korowicz, a physicist and human-systems ecologist, recently authored
a lengthy 78-page white paper titled: "Trade-Off:
Financial System Supply-Chain Cross-Contagion: a study in global
systemic collapse."
It
explores the increasing systemic risk brewing in the global financial
and trade systems. Using complex systems analysis, he explains how
within weeks of the next major economic shock, like a major bank
failure or a country exiting the eurozone, contagion would quickly
spread through global supply chains, causing an "irreversible
global economic collapse."
Korowicz
warns that in the next crisis, "neither wealth nor geography is
a protection. Our evolved co-dependencies mean that we are all
in this together."
We
read the paper and boiled it down to its key points.
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