The Standard
Hong Kong
Wednesday, May 19, 2010
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Business as usual
Tuesday, May 18, 2010
The present dollar-based capitalistic system is not merely going to fail, it has already failed. It's not going broke, it is broke. But they don't know what to do about it so it's just "business as usual." It could happen overnight - that's the way it happened last time: people woke up and realized their money in the bank was not worth anything, or it might not even be there at all, and they started a run on the banks! And when it happens this time, the entire economic system will collapse.
Ted Rudow III,MA
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