We Will Have More Crises

Institutions Of The Newer Participants In Global Finance Had Not Been Tested, Until Recently...recent Crisis Have Underscored Certain Financial Structure Vulnerabilities That Are Not Readily Assuaged In The Short Run.

The Need For Values Is Inbred. Their Content Is Not.

In The Absence Of The Gold Standard, There Is No Way To Protect Savings From Confiscation Through Inflation. There Is No Safe Store Of Value.

The Use Of A Growing Array Of Derivatives And The Related Application Of More-sophisticated Approaches To Measuring And Managing Risk Are Key Factors Underpinning The Greater Resilience Of Our Largest Financial Institutions... Derivatives Have Permitted The Unbundling Of Financial Risks.

Without Calling The Overall National Issue A Bubble, It's Pretty Clear That It's An Unsustainable Underlying Pattern.