The panic is probably well founded.
There are hundreds ( yes hundreds ) of trillions worth of derivatives out
there ( in interest swaps , currencies etc ) some of which may go in to meltdown
when such a major financial disruption occurs ( but not necessarily immediately ) .
All paper is a short position on gold . “Gold is money. Everything else is credit.”
“If we don’t believe in freedom of expression for people we despise, we don’t believe in it at all.” ( Noam Chomsky )
‘you can judge a man’s spirit by the amount of truth he can tolerate.’ .... Nietzsche
Last edited by Ross; 06-14-2016 at 07:02 PM.