Hoosier's note: I have ever said, a long long long time ago, that the Fed is printing 'Monopoly Money' and the US of A, because of the USD being the World Reserve/Trading Currency, is taking control of the World with the USD.
The US of A can borrow whatever amount it wants and can print whatever amount it wants. The whole World is being held hostage!!!
I am a nobody and what I've said doesn't count. Hopefully, some one as influential as Simon Black is able to make a change to the current Fiat Currency System.
As long as we have the Fiat Currency System, in its present form, and as long as the Fed, and the other Central Banks, are able to print money freely, Monopoly Money that is, the World Financial System will not be stable and we will continue to experience Crisis after Crisis.
I am not afraid of any Financial Crisis as I believe I know how to deal with it. In fact, I should welcome such Financial Crises--to offer me the opportunity to 'profit out of crises'. But, those less financially savvy will have a very hard time.
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