Morning,Hmmm, maybe, maybe not.I can't see us returning to a GS...

Morning,

Hmmm, maybe, maybe not.

I can't see us returning to a GS - and there are several types of GS - by choice. It is possible that some may be forced to by a first mover.
Either way, if it happened - we really don't have a clue on the outcome - currencies would probably swing wildly and that would be a wild ride for all of us - companies, individuals, people in debt, people with cash - basically everyone.

GS or no GS, I do see large reset events and quite possibly this year. Anyone who thinks this 'crisis' is over just needs to look at the debt levels of the USA and a few of the large Euro economies - this is far from over and I suspect we have seen nothing yet.

It really is like seeing the chickens come home to roost - you can see them coming a long way off and sometimes they seem to take forever to get there- but when they do - that is when the commotion really starts.

I feel happy to have an insurance in pm's - part of which is fml - but really, we won't know what the insurance pays until claim time.

All we can do is keep drilling and keep boosting production and begin to diversify a little, along with continuing to derisk.

People are getting bored with this GFC thing, but no one should forget that almost none of us have ever lived through a time or a threat like this - and really, anyone who has any wealth at the moment is actually doing ok - there are hundreds of thousands who have lost everything already.


Have a great day

Pinto