This has to be the dumbest shit John Mauldin ever wrote!

John Mauldin writes some pretty dumb shit, but this is by far the dumbest piece he's ever written. He lumps every type of economic system and paradigm together--fixed exchange, currency issuer, currency user, debt in foreign currency, debt in sovereign currency, public debt, private debt, etc and then makes the outrageous claim that we're approaching some kind  of "singularity" as in, point of no return, without making any distinction at all between the risks (or lack thereof) embodied in each system.

You get a sense of what you are about to read when he starts out with this beauty...

"Like a car, an economy has lots of moving parts; everyone thinks they know how to drive it when they're in the back seat; and it crashes too often. But on a more serious note, the analogy of a car works especially well when you think of where large parts of the global economy are."
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Wow! If you are not impressed by that little tad of genius I don't know what will get your juices flowing.

Anyway, read the whole thing if you have the stomach for it. Remember, this guy has a HUGE following, which include hedge fund traders and policy makers.