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While You Were Sleeping
by Richard Fernandez
PJ Media
On the morning after a financial collapse things will look almost exactly as when you went to sleep. The elm tree and mailbox will stand where they were, the scene will appear unchanged all the way to the horizon. On the Day After the outward world is unchanged. What will have altered beyond all recognition are the invisible claims on that physical world.
The homely mailbox, for example, may no longer be yours, nor the land on which the elm tree is growing. It could have reassigned while you were sleeping. If one can imagine the world in terms of a balance sheet, the immediate post-crash world assets start unchanged. It’s the liabilities which have been rearranged. The write down process will not be uniform.
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Source: http://financialsurvivalnetwork.com/2015/07/while-you-were-sleeping/?utm_source=rss&utm_medium=rss&utm_campaign=while-you-were-sleeping
