GREAT HEADLINE –“Goldman Sachs: Confidence in banks has been lost because of pl

GREAT HEADLINE

–“Goldman Sachs: Confidence in banks has been lost because of plumbing issues”–

True. Anything driven by banks parking cash in fed bond prices is nonsense.

The response rate of world governments since 2001, and much more so since 2008, has done a great job of preventing spirals. The world’s financial problems are substantial and will need to correct, especially if we see continued reduction of world patterns of transport and trade, as we continue to transform from USA-created world trade, back to ’empire networks’ of trade. And worse, as we see economic contraction impossible to pay down unfunded liabilities, combined with the declines(collapses) of population in the developed countries. There is a lovely perfect storm, that those of us who are contrarians (we predict where market cycles should collapse) have been consious of since as early as 92, but certainly by 04. And without either the USA figuring out how to tax the world to continue policing the seas, and ending the expnasionary ambitions of the three ‘evil empires’ remaining (russia, iran, china), its very difficult to see a world order that looks like the 20th instead of the 18th.