I called gold the ultimate bubble, which means it may go higher. But it’s certainly not safe and it’s not going to last forever.

Unfortunately, the more complex the system, the greater the room for error.

I fancied myself as some kind of god or an economic reformer like Keynes

The people currently in charge have forgotten the first principle of an open society, namely that we may be wrong and that there has to be free discussion. That it's possible to be opposed to the policies without being unpatriotic.

I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.

However, even a strong government can't perform miracles. It needs money from the taxpayers.

In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.