I don't do this very often, but I disagree with Dr Paul regarding his statement that "the world is bankrupt".
Of course, it is a semantic disagreement. The world, of course, is not bankrupt. The world neither borrows nor lends, following the sage advice of Polonius (or more likely, inspiring Shakespeare to werite those words) and of course the world's resources and bounty are virtually endless.
It is the world's GOVERNMENTS that are bankrupt. Their wealth solely comes from the output of the proletariat under their control, and despite quantum leaps in productivity over the centuries, all coming with the promise of "providing more leisure to humanity", the governments have outspent even the enormous output of the proles.
Of course, the governments themselves are simply a "construct", much like "gender" if you believe the dysphoric ravings of the gender confused. Government exists only because a small group of "elites" say it does. One the curtain is lifted and people understand that governments are literally a figment of their imagination, "bankruptcy" goes away.
RE: Governments Will Turn The Recession Into A Depression