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Message: Peter Tenebrarum's Take on Money Printing

... and the restoration of a free market. Ike

At some point we expect that the market will lose faith in the central planners in rather spectacular fashion. It is the very last bastion of investor confidence now that even developed nation governments are seen to be no longer entirely immune from bankruptcy (as long as they are small enough, they get bailed out as well of course, but Greece sure did default). When that time comes, then it will be exactly like a friend of ours from Hong Kong often says when he is asked about how to properly value gold. He answers the question with a counter-question:

What's the value of the last parachute on a crashing airplane?

http://www.acting-man.com/?p=21239

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