The fact he even thinks it means others are thinking it too...
The first rule of disasters is don't panic.
The second rule of disasters is if you are going to panic, you better be the first to do so.
Britain is not in much better shape and with a public sector that now accounts for more than 52% GDP, Britain has issues.
This is quite interesting in light of the following report from the UK's own NHS, health access disparities have significantly increased in the UK despite equality being a primary goal of the NHS.
So what will happen to US banks?
Have they sufficiently looted the US Treasury to withstand a collapse of US treasury funding?
I guess the better question to ask is: where are the stable war-chests?
This is getting scary. Maybe Edwardo is correct and we should all keep some physical bullion in a can at home.
... My wife will never agree to this btw.
China Has To Grow Up
2 months ago