Comment: I think you are a bit late.

(See in situ)


I think you are a bit late.

There is no way to unwind the current mess without a complete collapse.

Here is a better solution. Get rid of the monopoly on currency.

http://www.ronpaul.com/2009-12-10/break-the-monopoly-ron-pau...

Ron Paul's Free Competition in Currency Act would repeal legal tender laws, voiding the Fed monopoly, and allowing folks to transact in gold, silver, or whatever. There would be no bank runs if banks did not lend out more than they owned. No need for all the complication. No one would chose a depository institution practicing fractional banking over one that does not without serious compensation.

When the fed quits printing interest rates will begin their ascent, the derivative bubble will come unraveled, sovereigns will default, and confidence will be lost in fiat. Downgrades of govt. bonds could be the other catalyst. Either way, the system will come unglued.