A big shakedown?
It's already mid-October. A lot of predictions have been made that once summer is over, there is going to be an economic collapse. A lot of signs seem to be pointing towards it, to wit: - countries unable to service their sovereign debt, coming close to running out of money - cost of borrowing increasing, e.g. Spain's rating dropping to BBB+ - the people in countries like Greece protesting against the austerity measures (which is not effective to my mind, the austerities that is, not the protesting) Lets look at it in simple terms: I believe this crisis is brought about by human failings, not because of fancy economic terms. Firstly - lack of integrity : - Did Greece fudge their numbers to get into the Eurozone? They did, didn't they? So from the get-go, they got in based on lying. So there is no basis for them to be in there. - Going way back, reneging on the gold standard is what goes us all here in the first place. Secondly - intellectual l...