The entire global financial structure is becoming uncontrollable in crucial ways its nominal leaders never expected, and instability is increasingly its hallmark. Financial liberalization has produced a monster, and resolving the many problems that have emerged is scarcely possible for those who deplore controls on those who seek to make money – whatever means it takes to do so. Contradictions now wrack the world's financial system, and if we are to believe the institutions and personalities who have been in the forefront of the defense of capitalism, it may very well be on the verge of serious crises.
So much the better. My money is offshore in bullion. "In a depression," as Andrew Mellon said, "assets return to their rightful owners." As the dollar collapses, everything in the US, from land to labor gets so so cheap. Yummy! Mommy can't wait to gobble it all up. That pension I promised you? Paid in dollars that won't buy you a taco, Sweetie. You will be working for me until you are so worn out I toss you into the street to die. It is all good. Don't whine, little man, I am getting tired of your class envy. Smile when you kiss my boots.