This is actually a blueprint on how to handle the next market collapse.
And, yes, another economic meltdown is around the corner.
How do I know? Because, as the president of the Federal Reserve's Richmond branch has pointed out, our nation's financial institutions already have the next multi-trillion dollar bailout written into the system.
The problem is that the cooked in bailout isn't an insurance policy; it's a marker in the worst tradition of Las Vegas. It's one of the many (many, many, many, many) reasons I can say there's another market collapse around the corner.
So, yeah, we need to embrace the Iceland Blueprint as our model in the future.
- Mark
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