Fish Gone Bad

Can Central Bankers Prevent a Great Depression?

Gary, you are a gifted and insightful author. Thank you once again for the excellent article.

For those people who are having a problem seeing an answer, take a look at some of the comments. Our monetary system is debt based. As long as countries are willing to accept our debt as payment there is no problem. Now take a look at the very first picture Gary posted, The Baltic Dry Index. Saying that it fell has plunged 11-fold sounds like more like a statistic than a frightening fact. What this means is that commerce is not moving.

As there is no commerce going on, there is a depression.


Clark Jenkins
FishGoneBad.com