Once the PIIGS Start Defaulting the Whole House of Cards Falls Down

SEE HERE The paper money economies of the world are probably approaching a tipping point. It's not clear how you prop up this house of cards once the cards start to collapse. The result is likely to be an unprecedented world-wide inflation that could make the Great Depression look like patty-cake. I hope that's not what will happen, but it's not clear anyone is taking the situation seriously which is troubling.