Richard Vague is the managing partner of Gabriel Investments and the chairman of the Governor’s Woods Foundation, a non-profit philanthropic organization. He is the author of The Next Economic Disaster.
The Roaring Twenties, the Japanese boom of the '80s, and the U.S.'s in the early 2000s have one thing in common: They were debt-fueled binges that brought these economies to the brink of ruin.