Ricard

The Banker's Dilemma

If anyone wanted to read an article that summarizes the current environment, this would be the one. It's been rehashed ad nauseum, but this one succinctly binds all the important pieces. I guess the only question I would have is...how to take advantage of this knowledge?

What I like more about this article is the absence of a gold solution. I'll probably get heckled for saying so, but I think the era of physical money is at an end. The only way gold would return is if we devolved 100 years and lost not only the access to, but the ability to build and use advanced electronic equipment. So much of our monetary system is fired around in bits and bytes that we would never be able to return to the point where lugging around ounces of gold, which would have to be weighed and analysed for content at every exchange of value, would make any sense.

Sure things are bad, indeed, very bad...but is it bad enough that someone will fire a nuke and cause an EMP??