It is until it isn't

http://www.youtube.com/watch?v=T4EUWneEGa4&feature=related

There are so many issues people care passionately about in this country.  Culture wars.  Obamacare.  Teacher pay.  Contraception.  Inequality.  Communism.  Socialism.  Sensitivity.  Global Warming.  Animal cruelty.  Chistianity.  Islam.  Those darn Jews.  Israel.  Iran.  Afghanistan.  Those damn Mullahs.

Blah Blah Blah etc etc

It's all worries for the very wealthy.  And by very wealthy I mean people who get three meals a day every day.  Even if they're at McDonalds.

Unfortunately there's one problem nobody's worrying about right now.  And soon nobody will worry about anything else.  And that's sound Money.  If the money isn't sound at some point nobody eats.  Then suddenly nobody cares about all the rest.  That's where they are right now in Greece.  If you don't believe it, you're blind.

And believe me, in six months, when the mobs in Italy are looting the Vatican the Pope himself isn't going to give a good God Damn about contraception.

See, when the government controls the printing, distribution and flow of MONEY - eventually vasts quantities of money are created and given out by the government to the government and the banks and bankers that own the government.  This is a good games while it lasts.  It's lasted a while.  It does until it doesn't.

When does it stop?  It's stopped right now in Greece.  It's a heatbeat away in Italy, Spain, Portugal and Ireland.  It's two heartbeats away in the USA.

It all comes down to confidence.  It can't be measured.  It can't be quantified.  So no government or bank beaurocrat can predict when the confidence in the soundness of the money turns off.  No equation can predict the moment.  There are plenty of equations out there, having to do with Debt as a percent of GDP, or Debt as a percent of Government Spending, etc etc.

We've passed the drop dead point of many of those ratios already.  But when confidence is lost it doesn't come back until regimes are changed, and new forms of money replace the old.  The new form is always the old form: Gold.  At least until new regimes figure out a way to instill confidence in some new gold substitute they can exploit.  But that will be another story for another generation.

Right now we're right on the edge of a collapse in confidence.  And then that will be the only story people care about for a long time.  Hard to believe right now because you can still buy a loaf of bread at the corner for a few dollars.  Tough to think that some time soon that loaf of bread will cost 500 dollars.  I know.

It is until it isn't.