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RE: Stocks: The Most Overvalued Versus Real Things in Almost Half a Century.
I am speculating that the Fed will utilize the next crisis to implement the SDR scheme as described by James Rickards. It appears to me that the Fed, the IMF and the BIS are really the one organization and their intention is to implement the one world currency, The plunge protection team will pull the plug at a time of their choosing, national governments will bail out (or bail in) banks, IMF will provide SDRs to nations and result in the western democracies being indebted to the IMF, much like Greece is to the ECB. The IMF will be in effective control of the western democracies. The word "democracy" is used "loosely". I think such action will lead to consequences that are unintended by the Fed, IMF and the BIS.