The Mother of All Black Swans: Role of PMs.

If a person from the past could come back to life, he would think the world has gone crazy. In the West, an increasingly more deranged elite is trying to convert us to Socialism: an economic system that has universally failed. In the East, an elite (the Communist Party) is grappling with trying to continue with introducing Capitalism into a Socialist system. The outcome of this is a broken system of currencies and failing banks in the West.


It is obvious that the currencies will have to be fixed. It is also obvious that the proposed solutions (i.e. increased indebtedness) won't do it; after all, it is debt that started the whole mess.


Stephen Leeb discusses the problem in KWN:


http://kingworldnews.com/this-historic-event-is-about-to-shock-the-world/


According to Leeb, a possible solution might arise in the SDRs (Special Drawing Rights) championed by Christine Lagarde of the IMF. SDRs are a basket of four currencies (Yen,Euro, Pound and Dollar) to which will be added the Yuan come this October. Leeb believes that the addition of the Yuan will make gold the sixth part of the SDR.


What will this do? It will restore gold to its real status: MONEY. Economic growth is not possible without a sound currency, as we are learning. The elites in the West are arrogant and they believe that they figured out how to have growth without gold being part of the currency. To make matters worse, some of the elite believe that growth is not necessary.


It is a crazy world. But I repeat myself.