There are no lifejackets left
1930 US was the largest Creditor nation in the world
1930 CBs held over 60% of the worlds gold
2008 US is the largest debtor nation in the world
2008 CBs have less than 15% of the worlds gold
and while sources of foreign credit continue to dry up ......
As someone said before this is an insolvency crisis as capital is continually destroyed and they have no more collateral to put into the market.
Our lives our about to change forever.
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- this is 1929 repeating
this is 1929 repeating, page-189
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Shanthar Pathmanathan, MD
Shanthar Pathmanathan
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