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Interview with John Williams on the Coming Economic Collaspe
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sbark
Posted 8/8/2010 11:51 (#1306056 - in reply to #1305101)
Subject: Re: Interview with John Williams on the Coming Economic Collaspe


its the biggest diff. that worries me....................Zimbabwe, as the article said, had the black market useage of the US Dollar to fall back on..........................the USA has what?

Its all about consumer confidence..........when they as a group decide to cut and run (stock market panic 1930's).............its over

FDIC as a confidence anchor?---simply has just moved a run on a local bank...................to a run on the Fed Treasury on a big scale.........perceived lack of risk has led to lack of responibility
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