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Max5

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19/12/19

11:13

Post #: 42047171
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Originally posted by Skol: ↑

– The turbocharged, debt-driven over-consumption of past decades must be undone. The strong medicine could and should have been taken years ago. As the primary architect, Greenspan shoulders much blame, but shrugs it off. The financial system is already past the point of no return (“In my mind and in my car, we can’t rewind we’ve gone too far”) – and we are on the brink of a TSUNAMI of new money/credit creation to delay its failure. This will be the final run to the summit of the Ponzi scheme. All Ponzi schemes end and there will have to be a system reboot. This is a “Crisis of the Ages”;
This could have been written on the gold forum by Crom Valen today, but actually it was written in 2011 by loony goldbug Paul Mylchreest.

https://ftalphaville.ft.com/2011/12/20/807371/inside-the-mind-of-a-gold-bug/

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'.......and we are on the brink of a TSUNAMI of new money/credit creation to delay its failure.'

Well he wasn't wrong there was he Skol !
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