Very important essay on the Paul Craig Roberts website:
The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title.
No one trusts anyone anymore. Amidst these situations, the idea of the world economy erupting in flames appears not only more and more possible. To those paying attention, it’s already happening.
I strongly suggest you read the rest @
http://paulcraigroberts.org/2013/10/25/gold-wars-kelly-mitchell/
Some day soon we are going to find out what happens when nations tolerate the kind of financial fraud which is now commonplace in the global markets, and it won't be a pretty sight. The US-inspired global economic system is a wreak, and we have no one to blame except ourselves.
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