Monday, November 29, 2010

Why There Is Not a Crash Coming Soon

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Every economy in this world is 100% fiat money. While there are people talking about a parallel metal backed money option, our whole world economy is based on the confidence the consumer has in the fiat money.

You have heard many prophets of doom talk about why there must be a crash. Well, the crash will come when consumers either have no credit to spend, or when consumers decide to stop buying.


Here is a little bit of good news in a very sinister mode.


As long as gullible fools like this keep spending money on widgets and beer, the fiat system will thrive.


I intend to put up an article soon on my journal or blog about watching consumers as a way to predict the future.

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