Just what
money is floating around is a good question at this time of year when many
people are spending money they do not have to pretend to a lifestyle that is
beyond their means.
But the problem may be bigger according to this article in Zero Hedge claiming
that around a couple of hundred trillion, yes trillion, dollars are knocking
around the system in terms of outstanding debts of one sort or another.
The
information comes from Phoenix Capital and there is a free link claiming to
offer a way of avoiding it all. Perhaps
more in hope than anything.
The Phoenix is
a creature in Greek Mythology who dies by fire and is then reborn out of the
ashes. There are a number of variations
of the myth. One aspect is that the time
between demise and rebirth can be quite long.
So do not bet
on it.
"One aspect is that the time between demise and rebirth can be quite long."
ReplyDeleteAnother problem is the bit that comes first.