The World is in a Depression and There is No Getting Out

We are in a depression. This is a global depression. It started in 2007 and it is going to continue indefinitely. Depressions are structural, monetary solutions are cyclical: you cannot solve a structural problem with a cyclical remedy - monetary policy will not work. What it could do eventually is cause inflation. So far people say: �Where is the inflation?...We printed trillions of dollars, there is no inflation�. That is because we would have had deflation, extreme deflation, but for the money printing. It did produce inflation to the extent that it offset the deflation� The world is in depression, we are not getting out of it.

- Source, Jim Rickards via RT