08-11-2011, 01:11 PM
Quote:I'm thinking the world monetary system is going to get pretty scary before it stabilizes.It's worse David. Markets are never stable. Crises are part of parcel of the system, and when the system becomes more complex, the disturbances become bigger. We have, at some point after the Cold War, passed a kind of threshold, where the system starts to destroy itself.
There's been a Nobel Award for the mathematics that proves it, in 2004 or so.
