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Cliff Notes for the Financial Apocalypse

Markets crack. Empires creak. Belief evaporates.
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There’s a moment in every Wile E. Coyote cartoon when he runs off a cliff and, for a brief second, keeps moving, unaware there's no ground beneath him. Then comes the realization. Then gravity. That’s where we are. Suspended. Moving. Falling.

For decades, the global economic system coasted on illusions of stability, prosperity, permanence. Since the mid-…

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