Ray, I have been wrong so often and for so long, that I refuse to make predictions. I was wrong back when the Asian crisis evolved, wrong in 2000, and will probably be wrong in the future.
This world economic fiat system is supported by every nation on earth and is the most powerful and self sustaining all encompassing system ever devised. It is the basis of the New World Order, and in spite of the obvious great problems, it just seems to go on and on.
All nations are committed to it, and would sell (most probably already have) every ounce of gold or whatever real assets they have to perpetuate it. It is the only game in town...it is the big show.
The biggest con game ever, and Greenspan/FED are the hucksters. The greatest beneficiaries are the wealthy, the corporate movers and shakers, the paper shufflers and their banksters operating on the world stage, taking their cues from the top.
Change can only come if the entire world economic system collapses. Actually, from my perspective, since the collapse of the Soviet Union, this economic system has expanded to every corner of the earth, and has even embraced "communist" China. Every nation wants the miracle of the US dollar, and Greenspan just keeps printing.
There is a mountain of debt, but the base is growing bigger and bigger. Question is, how big can this mountain grow? |
