It's possible that the IMF-EMU-ECB antics in Cyprus have caused a loss of faith in folding fiat.
Put less elegantly to help kleptocrats and bureaurats 'understand' the problem, it looks very much like faith in fiat is 'folding' while the smart ones are stacking physical Gold and Silver bullion to protect themselves from predatory bankers and politicians [read: thieves].
Did I fail to mention that the Swiss are going to be next in line behind Germany in repatriating their gold?
Thursday 21 March 2013
Folding?.......................from Rico
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