freight train out of controlThe world is sitting in an unprecidented situation.
Debt at every level is higher than ever in past history. Government debt. Central bank debt. Personal debt. Unfunded liabilities are everywhere. Fiat wars are likely to heat up soon and soon it will be a situation in my view where countries will refuse to co-operate with others and it will be "everyman for himself".
I have read that margin debt level are beyong reason. What happens when the market begins to falter and people need to cover those margin calls?
I hate to be negative but in some ways it is like a out of control freight train that is picking up speed and coming at us.
Listened to a long interview with Eric Sprott yesterday. Interesting man not afraid to tell it as it is out there.