Bail Out Pyramid?

Countries and central banks bailed out most of the big financial institutions (except the few one they did not like), and many small banks they let go bankrupt.

Espen Gaarder Haug

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Several big corporations got bailed out one way or the other.

And now we see that several counties “need” to be bailed out some way or the other.

Who will bail out the biggest countries? Simply the electronic fiat-money printing press?

Well let’s hope the world economy stabilizes before the house of cards is bailed out with air, air and house of cards are not always a good combination.

Hope for the best, plan for the worst!

Espen Gaarder Haug

The Collector’s Blog

Related:

Living In A Derivative World

When Will God Destroy Our Money?

“We Stand At The Brink Of The Next Great Crisis”

“The Economics Of War Unfolding Now”

Athens: Banks On Fire – Thee Dead

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