The New Doom

Complacency can manifest itself in the expectation that others are looking out for our best interests - in effect ready to take care of us on a moment's notice when things go bad.

Awhile back I wrote the following in the commentary Money - The Subjective Value of Money:

Money is a game of perception and confidence. This is the main reason why everything can look so normal, right before the wall of confidence come tumbling down and all hell breaks loose. Martin Armstrong alludes to this rapid progression in his commentary “How all systems can collapse overnight.”

An articled submitted by Bob entitled The New Doom further illustrates the dangers in the assumption that everything can be controlled.

HUMANS HAVE THIS poignant desire to feel that we're in control," the hedge fund manager said. "I know there will be abrupt change."

"We have Ben Bernanke, who has figured it all out; but you and I know he's just guessing," said Mr. Shiller, the Yale professor.

The rising trend in fiat gold challenges this assumption of control and should not be ignored.

Source: observer.com