Mish has a good run down here and here.
No one really knows what is happening but I figure it can’t be good that we’ve shoved trillions in to the global economy while at the same time massively increasing government debt here and around the world.
We stand poised for another crash. Will it happen right now? I don’t know – but it is coming. We need to clear out the rot built up in 75 years of phony money and usurious finance. It won’t be pretty – it will, indeed, be very painful. But it has to happen – only by clearing all this garbage out can we really determine our level of wealth and only when that happens can we really start to rebuild.
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