Yeah, it'll be great to get HR's take. He was 25 years early, I guess.
You have to kinda respect the Hunt brothers, huh. That was really sticking it to the financial world in a way that only maybe Soros in our time has equalled. The Silver ETF is going to do what the Hunt brothers came close to doing.
I see the confict as history vs. economists. History says that this level of fiat money is deadly. The economists believe they have learned enough to balance it. In many areas of science, say computers, things are routine that were difficult 10 years ago, impossible 20 years ago and undreamed of 100 years ago. On the other hand the "soft" sciences like psychology have not fundamentally advanced since Freud. You have more options, but at root they are all variations on a theme.
The question now is whether the very best economists are actually beneficiaries of the last 100 years of advances in economics, statistics and computers, or victims. I think time will tell, and shortly.
If we make it over the baby boom hump with only hardship, and not crash, they will largely have proven them selves and to some extent earned the right to run the Fed.
If on the other hand History wins the argument then most of the conceits of the 20th Century are up for some serious re-evaluation including FDR, the New Deal, the Fed, both major parties, especially the Donkeys, and a lot more.
Personally I never bet against history, but would welcome losing this bet as even with all the problems I like the way things are going for me and most everyone I know.
Maybe thats enough to let us skate through, but I kind of doubt it.