"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." - Ludwig von Mises
Friday, December 11, 2009
UK soveriegn debt crises next up
Just before I hit the sack, I hear on the Keiser Report (below) that Morgan Stanley is predicting a UK sovereign debt crisis in a matter of months. Here's a wee vid to help you sleep:
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