Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: westpacific who wrote (97707)	5/19/2009 12:24:23 PM
From: Bucky Katt	3 Recommendations Read Replies (1) of 116555

That is a good read, and with more news of China and other countries moving away from the $dollar, things could get a lot worse real fast. This piece from that link sums it up> It's one thing for a business such as a bank to fail; its another thing for the public to lose confidence in banking, or their own currency, or the credibility of all the people who work in banking, or the authority of those charged to regulate these activities, or the courts and their officers who are supposed to adjudicate misconduct in them. When faith in all these things starts to go, all bets are off for even larger social constructs like democracy, justice, and the destiny of a federal republic.

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