The desperate steps governments are now taking to prop up this fundamentally unsound system may mean a quieter week next week, at least in the first few days, but I can see the optimism fading when people get their head around current events and I expect to see markets falling again.
Medium term things may stabalise/improve somewhat, but longer term (months/years) they've doomed us all.
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved
- Ludwig Von Mises, Austrial School of Economics
It's clear which path we are headed down! Hyperinflation and national bankruptcy for some.
The history book on the shelf, is always repeating itself.