The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title.
I came across this while following up on news about the Cypriot government taking into consideration a bank account deposit tax in order to secure a bailout loan from the European Union on 24H Gold. Incredibly I was listening to an orchestral version of Clint Mansell’s Lux Aeterna. Many of you may instantly recognize it – audibly – from the movie ‘Requiem for a Dream’. Seemed very fitting while reading and then re-reading the above quote. Enjoy.