I'm not worried about how high in price gold is going, I'm worried about what the world around us will look like when it gets there
I am convinced that you can distill this whole global economic crisis down to one premise. This is a USD crisis with no way out. Much pain and dislocation dead ahead. It will take a decade to get out of this mess.Joe M.
It's not a crisis until the world stops accepting dollars. Until then it's a global debt bubble. Now the dollar is spiking higher because the pound is shitting the bed.
I am convinced that you can distill this whole global economic crisis down to one premise. This is a USD crisis with no way out. Much pain and dislocation dead ahead. It will take a decade to get out of this mess.
ReplyDeleteJoe M.
It's not a crisis until the world stops accepting dollars. Until then it's a global debt bubble.
ReplyDeleteNow the dollar is spiking higher because the pound is shitting the bed.