Tuesday, April 12, 2011

An odd scenario

It is time to consider an odd scenario: global asset evaporation. Such an event would mean that nothing is save anymore. Imagine that almost anything goes up in smoke: bonds, stocks, and even precious metals and natural resources. The rich suddenly get as poor as the poor because it is all gone. Nobody wants to buy anything anymore. Just imagine. Can you?
You still have your factory, you still have your car, you still have your diamonds, you still have your gold and your paintings. It is all still there, but nobody wants to buy anything of that anymore. The trading is at an halt. What your stocks are worth nobody knows because there is no no-one around who would wish to buy them. A different kind of Atlast shrugged. No bids anymore. Just death. The death of money. The end of wealth as we knew it.

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