So the next failures will put the entire system at risk of collapse. This is the oft-described nuclear outcome, which has been brought upon by $1.4 quadrillion worth of derivatives. The world faces a guaranteed systemic implosion caused by derivatives. Bank failures and contagion will lead to the widespread connected failures, and lost control by both governments and central banks to manage them. Gold will be the secure port during the stormy outcomes. Gold will arrive on a white horse. The return to the Gold Standard is the answer. The Gold Price will reach incredibly high levels when the derivative implosion occurs, when the East introduces a legitimate gold-backed new BRICS currency for trade settlement. The fallout will be tremendous, as the USDollar is rejected on the global stage.
Posted on: Sun, 27 Jul 2014 10:47:07 +0000
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