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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: An interesting Fiscal Cliff observation||Date: 12/13/2012 11:51 AM|
|Author: notehound||Number: 411190 of 461108|
...we probably don't want to see a world where the government stops subsidizing these banks. It would essentially require implementing a new global economic system in a relatively short time period...
You're right. It would require a new system in a short time. How about in 4 or 5 years? Is that enough time to implement a new global economic system?
Iceland completely rebuilt its banking system in a very short period of time and now they are recovering, while everyone else is becoming stagnant - like Japan.
We wasted the last 5 years doing nothing about the subsidies.
Heroin addicts. That's what we have created of our banks.
Sooner or later, they'll find that their pusher/supplier can't meet their needs - and they'll have to go "cold turkey."
Then, they'll implement a new system - by necessity.
5 wasted years...
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