Tomorrow is the first day of February, and the new month means new commentary from everyone's favorite mutual fund guru/economic prognosticator/literary allusion maker, Bill Gross.

The Pimco [profile] chief started this month's article with the famous T.S. Eliot quote about our ultimate doom, "This is the way the world ends... not with a bang, but a whimper."

And what exactly is it that has Gross leading with such a depressing sentiment? The future of the monetary system, of course:

There may be a natural evolution to our fractionally reserved credit system which characterizes modern global finance. Much like the universe, which began with a big bang nearly 14 billion years ago, but is expanding so rapidly that scientists predict it will all end in a “big freeze” trillions of years from now, our current monetary system seems to require perpetual expansion to maintain its existence. And too, the advancing entropy in the physical universe may in fact portend a similar decline of “energy” and “heat” within the credit markets. If so, then the legitimate response of creditors, debtors and investors inextricably intertwined within it, should logically be to ask about the economic and investment implications of its ongoing transition.

To see more of Gross commentary on the future of the economy and get a peek at his investment strategy, check out the commentary here. 

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