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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (62372)6/1/2006 1:37:21 AM
From: John Vosilla  Read Replies (1) of 110194
 
"Like an unpaid credit card bill, the balance grows every year — about $25,000 per household annually"

Since the chance of a writeoff or insolvency is close to zero then debasement of the currency must occur. No country in the world comes within a galaxy of growing it's account balance by that much per person.
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