A TERRIFYING VISION OF THE END GAME (GLOBAL ECONOMIC COLLAPSE)?

In his latest post, World Facing Biggest Economic Shock?, blogger Syed Akbar Ali referred to the terrifying forecast of Raoul Pal, a former hedge funder. Pal’s prediction was made in a presentation which was reported by Business Insider. The presentation is reproduced below. Strange, no one has so far commented on Syed’s post. Perhaps everyone is so busy politicking or too engrossed with local political news to bother about the global economy…

Former Hedge Funder Presents A Terrifying Vision Of THE END GAME
By Max Nisen, Business Insider, 1 June 2012.

Everyday, we hear some pretty grim predictions about the markets and the economy. But this is one of the more comprehensive and most gloomy outlooks we've ever seen.

Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it.

Pal previously co-managed the GLG Global Macro Fund. He is also a Goldman Sachs alum. He currently writes for The Global Macro Investor, a research publication for large and institutional investors.

A note on the presentation; the last slide is not meant to suggest that we're going back to the economic activity of 3000 years ago. It refers to the 3000 year old trade links between the nations along the Indian Ocean, which Mr. Pal believes will be the centre of world's opportunities. Just like the West 50 years ago, they have "...low debts, high savings and a young population".

Thanks to Raoul Pal for giving us permission to share his presentation.

[Raoul Pal’s presentation is reproduced below:]

[Source: Business Insider. Edited. Top image added.]