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Monday
Jun202011
Wake-Up Call - 06/20/11
June 20, 2011
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Debt And Destruction
World weather patterns wreaking havoc everywhere. Supplies running short. Water running out. Unsustainable population growth. Origins of the dollar as compared with origins of the euro. Debt was standardized at the dollar’s inception in the US but not in Europe when the euro was floated, leading to the current Greek catastrophe. Debt used for the wrong purposes, leading to crisis. What other financial luminaries are saying about the economy. Quite revealing. The current junk bond collapse as harbinger of the turmoil to come. More about the future direction of precious metals prices.
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