Has Bill Gross Been Alstrysized?
In November he said the Fed was more extreme than a Ponzi Scheme calling it a Sammy Scheme.
In December, he compared Americans to a Turkey just before Thanksgiving and warned us to run.
And now, with this third warning in January, he assets we Americans are like a male praying mantis about to get its head chewed off during a mating session with the female.
Hmmmm. We are primarily a consumer economy. We borrow to consume whether on the government or consumer level. It is what drives our economic system. Our collective wealth is based on such borrowing, spending and consumption.
What happens when we can't borrow anymore?
It is not the end of the world, simply the end of a world as you know it due to a systematic insolvency......and the beginning of a new age which will be tracked at UdderWorld.com
Alstry will be reactivating his law licence this week, teaming up with a bunch of experts in math, science, accounting, religion/philosophy, and corporate leadership to begin specializing in a new area of the law due to Zombulation and based on the theory of Collective Interdependence. The issue: what are property rights when an economy goes through a system insolvency and how do you allocate such rights in an interdependent digital world?
FWIW...it is a global issue and my guess is there is no where to escape it in the Digital Age.