We have been living in a debt illusion for too long. Fiat paper money system is coming to end. We will be forced to return to honest money system, silver/gold standard, once again. Prepare for the worst, hope for the best.
Jim Grant: "Capitalism is an alternative for what we have now. I highly recommend it."
Maria: "We all do."
Grant: "No we don't."
Maria: "The Federal Reserve may not."
Grant: "We ought to be discussing an intelligent move to a sound currency by which i mean a currency that is based on a standard and not at the whim and the discretion of a bunch of mandarins sitting around Washington D.C."