RiskAverseAlert

Is It Time to Recognize Reality?

There's little doubt the monetarist global financial system is collapsing. Fortunately, history suggests a Hamiltonian credit system operating in the self- and common-interests of those nations participating can easily return financial stability, this once desperately needed investments in physical economy begin taking root and provide a foundation upon which a new world becomes open to orders of magnitude greater investment in productivity-enhancing human endeavoring both on earth and in space.

First, however, comes cancellation of debts that never will be repaid: bankruptcy reorganization. With so much on the line, though, is it any wonder there is resistance? Is it any wonder benefactors of recent decades' unsustainable fantasy built on a credit bubble behave as though their system, right now, were not already dead?

Yet are these benefactors really persisting in fantasy, or are some using a likely, last-gasp moment of calm to batten down the hatches?