Post
Topic
Board Speculation
Re: The financial markets are starting to crash, abandon the fiat titanic
by
nuff
on 13/10/2014, 05:21:20 UTC

The bottom line is this: The banking system (and several sovereigns) are loaded with so much debt that the major Western economies + Japan CANNOT AFFORD AT ANY COST TO ENTER INTO A DEFLATIONARY TREND. The reason they can't is because that would herald the onset of defaults caused by debt to GDP ratios going beyond manageable levels and markets sending bond yields sky high due to loss of confidence.


+1

GOverments are just prolonging and holding off the inevitable collapse of the debt-based banking system. The elites running the banks and governments know about this and they have pulled their money out of fiat and into gold, commodities, land ie real assets but they needed the people to continuing believing in the system, giving out 0% interest loans, telling them to spend, buy bonds, securities etc. They just cannot afford to let the people realize that the whole debt-based banking system is actually the biggest scam in all of history.