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Prominent Establishment Economist William White Warns “More Dangers Now Than 2007”

by Michael J. Kosares
USA Gold

First a quick background check on William White so we know whether or not to grant his opinions more weight and status than the average analyst, this from an older, but still functional, Economist article titled The curious case of Willliam White (September, 2012):

“Most recently, we have William White, a brilliant Canadian economist who used to do research at the Bank of England and the BIS before taking over the Economic Development and Review Committee at the OECD. He is not, in other words, a nut who hides in the woods with gold bricks and canned food. Moreover, he (along with his colleague Claudio Borio), presented one of the earliest and most thoughtful warnings of the financial crisis back in 2003. Anyone with a brain ought to take him seriously, especially when he bucks the conventional wisdom.”

Overlooking the out-of-place “gold bricks and canned food” comment, it pretty much tells us that William White’s opinions should be taken seriously. It is not often that an economist of his stature goes off the reservation.

Continue Reading at USAGold.com…

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