Developed World in Financial Decay – How Long Before Money Collapses?
By: Julian D. W. Phillips, Gold/Silver Forecaster
Wednesday, 12 September 2012
The Current Scene
Since 2007 and the start of the “credit-crunch” the developed world’s money system has been under stress. As a consequence, there has been an economic downturn that government and bankers have not been able to stop, convincingly, in the last five years.
The developed world has decayed to the point that it can’t handle another major crisis such as an oil price well into the $100+ area.
· Food inflation now threatening, must not be allowed to take off because consumer/voter reaction will undermine government and money still further.
· As it is confidence in both the euro and the dollar is at a low ebb. Yes, it is still the only means of exchange and it can be forced onto citizens, but general confidence in the economy, the monetary system and a broad range of markets is suffering as never before.