focus valuation part 2 - acquisition, page-41

Cheers Macros, as you can guess I never went to Uni, never read those economics 101 textbooks.

Maybe once debt is "internationalised" through IMF & the bond holders let off the hook, then the IMF gradually wipes the slate clean, an attempted controlled default or market write off?
The big problem is the eventual rise of extreme nationalism &/or anarchy in the face of financial suppression as the endebted states will be left with as much debt as possible without making them crash, bleeding them of any recovery or growth potential for generations.

I will point out that the vast majority of Irelands roads are back to 1980 with potholes as big as cars after an extreme winter, the councils have said they simply dont have the money to fix them. This raises the prospect that by the time the country gets a handle on it's debt in a few decades from now, the entire infrastructure will have collapsed, lel alone the prospect of keeping up with modern technologies such as NBN, meaning these countries will be starved of their lifeblood for recovery - foriegn investment.

Sorry I know we're sliding off topic, namely FML, but I guess its relevant to talk world economy in it's influence on gold.