Quote:
Originally Posted by Aurel
IOW, the debt based economic system has run its course, and now the chicken are coming to roost…
|
The debt based system was instituted in 68 and amplified in the 80's...it had hit the wall for consumers in 08...where the Public sector picked up the slack creating the MOTHER OF ALL BUBBLES THE SOVEREIGN DEBT BUBBLE...
They have destroyed the intrinsic value of the Globally indispensable currency..the USD..all of a sudden all the air in the room has been sucked out and everyone is gasping for breath..and there is none to be had...there is no where to turn..Desperation is setting in..Systems are failing and collapsing..