Start the conversation
Recently, the world mourned the death of beloved actor Leonard Nimoy. Mr. Nimoy, of course, was renowned for his portrayal of the iconic character Mr. Spock on the 1966 television series "Star Trek."
One of the most memorable "Star Trek" inventions was the transporter beam that effortlessly moved people and other solid objects through space in an instant.
Indeed, "Beam me up, Scotty" became part of the pop culture lexicon during the height of the show's popularity and remains there today.
Today's investors expecting central bankers to solve the world's economic problems might just as well believe that Janet Yellen is capable of beaming them straight into the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C., which houses the main offices of the Board of Governors of the Federal Reserve System.
The world is suffering from a solvency problem – there is too much debt that can't be serviced or repaid.
It shouldn't take a Vulcan with the cool logic and super-intelligence of Spock to understand the massive threat (and lucrative opportunity) the situation poses for the global economy and our money.
About the Author
Prominent money manager. Has built top-ranked credit and hedge funds, managed billions for institutional and high-net-worth clients. 29-year career.