I read today that United States banks are leveraged as high as 40/1 -- 40 times the amount of fictitious money in circulation and savings as there is value in hard assets.
This will eventually lead to a banking
collapse, as far as I understand it. Bear Sterns was the first domino, but a 30 billion dollar loan was granted to avert disaster. The second domino will fall within a few... weeks? Months?
Thoughts? Has anyone prepared for this? What will the
collapse gap be?