Of course I agree with you that this is a solvency crisis, and pointed out that a shortage of capital was the issue, several months ago.

And being the annoying person I am, I always then leap forward from diagnosis to the possibility of cure.

As a matter of interest, do you not agree that "sweeping reform of the monetary system" is necessary, or do you consider the existing deficit-based system can be fixed?

And if so, how?

Material for another Diary, maybe, on fixing the solvency issue?

"The future is already here -- it's just not very evenly distributed" William Gibson