Pundit # 1 (right): New York University economics professor Nouriel Roubini warned about the 2008 credit collapse (canadianbusiness.com)
In fact there could soon be an inflationary depression resulting from a credit collapse all over the world. (thespoof.com)
The main difference between a credit collapse under a gold standard and the same under a fiat currency is that under the gold standard repayment is demanded usually at the point of a gun, whereas under a fiat regime the money is printed and hey presto there is nothing to go to war about. (acting-man.com)