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Strategies & Market Trends : Maximum Investing

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To: Robert Scott who started this subject	11/13/2002 3:05:58 PM
From: Howard Bennett	Read Replies (2) of 81

usagold.com (June 7, 2002) Debt and Dollars In the case of the U.S. versus Japan, the U.S. is no longer the world's largest creditor nation. Instead, the United States has become the world's largest debtor nation. You cannot build prosperity on debt. As our mounting trade deficits continue to grow, the world will tire of financing our deficits. That is what the decline in the dollar is telling us. The U.S. now owes the rest of the world a net $4.12 trillion. Foreigners now own close to 40% of all U.S. Treasuries issued, 24% of U.S. domestic corporate bonds, and about 15% of our equity markets. Most of the $8 trillion U.S. assets held through foreign ownership is liquid. This means it can be sold and repatriated. The huge trade deficits that we have been running are not without problems. No nation has ever been able to escape the consequences of large trade deficits. That is why the trade deficit and the dollar are ticking time bombs waiting to go off. When they do, it will bring severe consequences for the stock market and our economy.

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