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The man once described as the world's greatest treasurer...."it's a catastrophe"
- Thread starter Tauvros
- Start date
Quote from Mvic:
If this stretches to 2013-14 we are in serious trouble.
I think you are just starting to grasp the sheer enormity of this mess.
Next, try adding up the current plus likely deficits for the next few years and ask yourself where is the money coming from.
If your answer is 'the printing press' try to grasp that as well.
regards
f9
Everything will always lead back to two possible outcomes-
massive debt default
massive debt forgiveness
all the ills of the world are on paper imbalances, if the paper gets burned, the houses still stand, the cars still drive and the food still grows. People still breathe in and out.
massive debt default
massive debt forgiveness
all the ills of the world are on paper imbalances, if the paper gets burned, the houses still stand, the cars still drive and the food still grows. People still breathe in and out.
Absolutely right, but.................either outcome requires a revolution in the way we do banking. I have a thread about this topic.
http://www.elitetrader.com/vb/showthread.php?threadid=152874
http://www.elitetrader.com/vb/showthread.php?threadid=152874
Quote from PAPA ROACH:
Everything will always lead back to two possible outcomes-
massive debt default
massive debt forgiveness
all the ills of the world are on paper imbalances, if the paper gets burned, the houses still stand, the cars still drive and the food still grows. People still breathe in and out.
I guess just sit back and enjoy the show.
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