QWAK,J4D,A good read and the only way to restore confidence in the SYSTEM is that ALL CURRENCIES but be BACKED bt REAL physical 'somthinG" that has internationaly accepted VALUE and can NOT be counterfited or created out of THIN AIR!
For 5000 year that SOMTHING has been either GOLD or SILVER or BOTH! :)
They can go round and round the mulbary bush and convelute lots of off the wall posabilities (which will NOT work) but in the end ONLY GOLD and SILVER fit the discription of what is needed! :)
We both know THAT -- but others just don't want to confront REALITY and prefer the DELUSION which is quickly fading away! :(
Yo duck... I knew you'd enjoy that, especially since you were the first person to explain the original bankers and how they began making loans based on their gold deposits. And when they realized that only a small 'fraction' of it was ever claimed at once, there was plenty left over which could be used to lend out under their new fractal lending idea. UNTIL something finally happend and everybody demanded their gold immediately. The first run on a bank. Just one more easy to ignor history lesson! I always remember! :)
Yo duck... Crisis Cogitations sure was a good read, and here's one that's even better for anyone that asks what's going on and why the government is bailing out banks at our expense. It's explained in a simple to understand way so that even I got a better picture of the whole convoluted mess. It's so easy to read, I even saved a copy for my wife so she'll be able to know what's happening and why. From A to Z... this covers it all in plain English.