World GDP has changed little while World Notional Money has
soared trillions. You've read articles
about the US and the EU, the IMF and the Fed and the rest “kicking the can down the road”,
putting patches on debt-riddled instruments and all of them incestuously
interlocked trying to make each other look good.
Every time a patch is added, the capacity of the old system
goes up a bit. Inevitably, a few more
leaks will pop. When these are patched,
the fabric of the old system is stretched to a new level, whereupon quite a few more new leaks pop up. Those too have been
patched and the old fabric is stretched now into new territory never tested
before.
What you can predict is that it will fail.
You can predict a failure in the near future will be a
fabric failure requiring a system rebuild, not just a patch on a seam. That it will start with something tiny is also predictable
but where it will happen is not.
Fun when regularly grounded |
Kind of scary when charge builds and builds |
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