Since October, I've been blogging that I expected the next bubble to be cash itself. Banks/financial institutions are still very unstable. Liquidity remains an issue. So much paper monies being printed, globally, with nothing to back same. Seems inevitable that there could be hyperinflation, after this immediate deleveraging/demand destruction moment is over with.
In such troubling times, in past historical moments, there have been currency replacements...perhaps we'll all wake up one day, and find the government has said our 100,000 protected money, in the bank (this is what the Canadian banks "insure"), will now be worth 25,000 in the new currency?
On BBC news, this morning, I heard that China would like a new international currency, to replace the U.S. Dollar as the global reserve currency option.
In the 21st Century, there has been an erasure of time...things happen quickly, on all fronts. I wonder what the outcome of this suggestion from China will be?
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