The real title is Crisis Theory. Report for the conference in Moderna, Italy, 9 July 2008". The paper that Reaganomics and the huge increase in deficit spending has caused a collapse of domestic savings and a increase is consumer spending such the economy is 25 to 35% larger than is sustainable. The US needs to cut the deficit spending, shrink the economy by 25-30%, and presumably bring back the import spending back home. It does mention that this may not be possible because it will impact the rest of the world.

Well, it has happened and it has impacted the rest of the world. I don't think it will play out the way the paper suggested, because a real depression isn't the proper cure cure for irrational exuberance.

The paper is difficult to read because it is a literal translation from Russian, i.e. Russian economic jargon to literal English. Fore example, I took "emissions" to mean "deficit spending". There are pretty charts, but they are labeled in Russian.

Caveat lector: I read it quickly, so I could have missed the point entirely.