We are definitely in new territory. I don't think any of the old financial rules apply worldwide.
However, that is precisely the problem. If the global financial system doesn't work anymore because there are just too many unseen variables then to proceed like it can or does work only will bring ruin and financial collapse for everyone.
It is just stupid to try and make work something that cannot possibly work the way it is.
It is like shooting the tires off a car and expecting it to drive on a freeway in traffic. It is just stupid!
Until the Global financial system is retooled for todays realities it is going to bankrupt all economies until it is retooled.
I'm sorry but it just doesn't work anymore!
It may be that nations must for a time withdraw each into their own monetary systems and just use the bartering of goods between then until the crazy financial realities can be worked out!
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