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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (59033)5/11/1999 1:04:00 PM
From: Freedom Fighter  Read Replies (5) of 132070
 
Mike,

I'd like to officially go on record as believing that what we are experiencing goes beyond "mania" or anything else we've experienced in modern financial times.

I believe the global "fiat" financial system is simply out of control.

Unfortunately for all of us, central banks have demonstrated that they are willing to inflate as much as necessary to save the current system in its present form no matter what sort of excesses that produces in other areas.

So I have come to the conclusion that it will not end until every country has fired every shot it can to prop up the credit system or until the amounts of credit necessary to expand the bubble are so large that it simply can't be accomplished.

At that point (which may be several years away) we should all move to Montana (NG).

Wayne

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