>> There is no way to avoid the day of reckoning. That would be true if it weren't for the fact that a good bit of our economy relies on confidence and trust.

>> There is no way to avoid the day of reckoning. That would be true if it weren't for the fact that a good bit of our economy relies on confidence and trust. Confidence that there isn't a huge recession or depression in the near future, and trust that others will remain in business if you deposit/lend them money/invest. So in a very real sense, a panic, even if it isn't based on anything fundamental, can set you back very significantly.