Brian the whole banking system is beyond dead. It is weekend at bernies time.
The wars are spiraling out of control.
The bankers are partying on yachts with millions of dollar in coke and hookers bought by funny money.
Everybody with excess cash is buying up 3rd world resources reminiscent of beads buying Manhattan.
Gold has gone parabolic.
I think it could be as early as next year.
Then again, I don’t rely on faith for my analysis, just straight hard data;)
Less than five years. Though these things are not controlled by levers in the Federal Reserve, rather chaos theory and herding behavior.
Obama is following the wise political path. All policy has been set up to save the too big to fails via keeping home prices high. This has about a 1% chance of sustainability on a good day. His only other option would be break them up and nationalization at least for a little bit. Which is not what the banks want.
He could NEVER pull that off until they kill the dollar. Then he can garner political will to do it. If he tried it now all the anti-socialist soldiers would storm the white house.
Which may still happen when the dollar breaks, but at least he will have more of the populace behind him to face the Fed.
