TheDoc "I understand what our money system is and why it's f'ed up.. However our fake money system didn't do this, our personal/business credit markets (which are a mirror of our money system) did this."
It all works as long as every loan chain, pretty much 100% of the time, pays up. But as soon as massive amounts of people/companies can't pay up, banks can't pay, govs can't pay, one chain breaks the entire thing fails and/or your trade debt increases.
It can be corrected by not letting the mass majority of 'people and companies' have credit to 'run' on. More people dealing in cash only, puts the market back to what it's really worth before the fake credit market created more demand.
Allowing hundreds of millions of people and companies, to live on, survive on, expand without need, ect on credit.. created massive demand on millions of un-needed things, which tosses off trade agreements, and all types of bs.
And when we the people or companies can't pay, banks can't pay, companies fail, less tax is collected, more trade debts go up.... at the mass level of hundreds of millions around the world, you end up the situation we have today."
The personal/business credit markets is not a mirror, it is our system. Money is debt, it is created from a loan. The chain of loans starts at the very top, the federal reserve and our government. It does not pay up, it will never pay up. Because if it did pay up there would be no "money", because money is created from loans/debt. To let that fail, is to essentially let the entire system go down... What are the consequences of that?
But I agree, let it go down now, if it doesn't now it will eventually, because all societies whom based their system on fiat currency has failed, except ours, yet.
So ya, I agree, let it go.
The rally is only temporary, the U.S. still has 5 year arm resets coming, coupled with high unemployment foreclosures, foreclosures due to inflation... which will cause more defaults (e.g. car loans, credit cards...).
Its gonna be a slow bleed!
Enjoy
