Thin Air

The title of this article needs very little additional commentary:

Britain's last policy hope: create money

There seems to be a consensus that the global reponse to the Great Depression shouldn't be repeated. It seems governments are committed on a path of mutually assured currency destruction. Unlike before we no longer have a gold standard as a modicum of restraint, so there is little constraint upon Central Banks going the full Weimar.

As Kohler was quoted in the previous post, sovereign risk is now the key issue.

I'm moving my super into gold.