“When the dollar collapse comes, it will happen in two ways: gradually then suddenly. That formula, famously used by Hemingway to describe how one goes bankrupt, is an apt description of critical state dynamics in complex systems. The gradual part is a snowflake disturbing a small patch of snow, while the sudden part is the avalanche. The snowflake is random yet the avalanche is inevitable. Both ideas are easy to grasp. What is difficult to grasp is the critical state of the system in which the random event occurs.”
Jim Rickards, Currency Wars
Major Fiat Currency Printers around the World are devaluing their currencies by “printing” ostensibly in order to bolster their economies.
But the consequences of The U.S. Fed’s QE for example, have been increasingly to artificially inflate financial Assets and enrich The Fed’s Mega-Bank Owners. It has not resulted in an improving U.S. Economy or Employment Picture.
But the Fed’s QE and related forms of Money Printing have unleashed Serious and Impending Financial and Economic Threats. [Read more...]