http://www.rapidtrends.com/2008/12/10/bis-warns-of-collapse-in-global-lending/ Lets talk about why Fiat Currency and Inflation is Bad Juju Sat, 13 Mar 2010 17:15:22 -0500 http://wordpress.org/?v=2.8.6 hourly 1 http://www.rapidtrends.com/2008/12/10/bis-warns-of-collapse-in-global-lending/comment-page-1/#comment-2996 Dr Jay Veeoh Wed, 25 Feb 2009 06:41:41 +0000 http://www.rapidtrends.com/blog/2008/12/10/bis-warns-of-collapse-in-global-lending/#comment-2996 Listening to John Mack of Morgan Stanley talking to Charley Rose,yesterday.Mack comes out as a smart man,however he appears to be ignorant of what he was doing all this time.He explains very well the great value of his co-worker who can make a deal worth 100 million dollars in a couple of days,thereby justifying seemingly exorbitant rewards. Does he however realise that this amounts to "PLAYING WITH MONEY" ? That such behaviour is the result of the switch to fiat money and corresponding incredible asset inflation starting in the 2nd half of the last century. Listening to John Mack of Morgan Stanley talking to Charley Rose,yesterday.Mack comes out as a smart man,however he appears to be ignorant of what he was doing all this time.He explains very well the great value of his co-worker who can make a deal worth 100 million dollars in a couple of days,thereby justifying seemingly exorbitant rewards. Does he however realise that this amounts to “PLAYING WITH MONEY” ? That such behaviour is the result of the switch to fiat money and corresponding incredible asset inflation
starting in the 2nd half of the last century.

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