The next big bubble to burst will be 'inefficiency'. It may sound a little odd to even think of inefficiency being a bubble but it surely is and it transcends all other bubbles. As State Capitalism (Crony corporatism) takes hold as the key economic strategy favoured by the Wealthy Elite to protect themselves from ruin at the hands of the free market and forcing regular taxpayers to bail them out, we see that this is by far the least efficient and cost effective way of running any business or country for that matter.

Certainly, if a company has a wealthy backer then everything can look rosy for a number of years like Blair's Economic Miracle financed by phony bank credit. But eventually the bills become due and the UK's Quantitive Easing and pure Federal Reserve's Counterfeiting. Another unfortunate side to State Capitalism's inefficiency is that other countries around the world who are not participating in this scam are getting a healthy headstart over countries like the USA, UK and EU states. Once those jobs and industries go overseas it will be almost impossible to get them back under State Capitalism. Governments interfere more to save us from the problems they created and our freedoms and liberties vanish. The Free Market hasn't failed - it cant - thats like saying mother Nature has failed. She cannot fail. One loss is another's gain. It's all in balance as we hear so often on nature programs. The Central Economic Planners blame 'Capitalism' for our woes. Unfortunately we have not had true Capitalism for 115 years in this country. With Central banks and Politicians setting low interest rates and falsely sending out signals of wealth and savings, half of every transaction in not only managed, it's a lie. Only a return to zero Government interference in the markets will allow entrepreneurial skills to flourish and rebuild our nation. The alternative is the USSR Mk 2. The Soviets went bankrupt in Afghanistan and by printing money and debasing their currency the rouble. We are doing the same. Your barometer is the price of gold.