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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.96

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Nov 14 4:00 PM EST

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To: elmatador who wrote (42780)	11/15/2008 3:25:43 PM
From: RJA_	Read Replies (2) of 217829

>>The global economic summit Ostensible problem: Deflation caused by cascading collapse in lending triggered by bad bets on sub prime mortgages. Real problem: World wide fractional reserve banking/lending -- all currency being created by debt with tiny reserve requirements. Collapse debt = Collapse in amount of money supply... and government printing, debt issuance, monetization to prop up same. At the heart of the debt pyramid there is NOTHING. Even the reserves are smoke. No currencies are backed by anything except more of the same. If this ever becomes clear and apparent to enough folks, and they decide to do something about it personally you get a period of repeating history. We are not there yet. We may not get there. - or - We may get there. The question: Will folks retain their confidence in government(s) and currencies? If they do, the game can continue. If not, the game changes. See Iceland/Zimbabwe for current modest and not so modest examples. Can G20 accomplish anything without something of value at the heart of the system? What is the governor for government monitization? Without a governor, can this interlocking float machine continue to function? Will and how will this question be addressed? Dramatic changes in currency values are bad for business, as is collapsing credit availability. The system needs more than a patch. Something must replace it. It will not be decided in one meeting. Stay tuned.

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