One thought on “This Is Going to Get Worse Before Better

  1. Every time I see a story like this (or like the Nassim Taleb “Let’s convert debt to equity” piece in the FT this morning), I cannot help but be reminded of the following quote…

    “If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”

    Thomas Jefferson

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