The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (66809)	7/25/2006 11:16:17 AM
From: UncleBigs	Read Replies (1) of 110194

they've already lost their savings. Joe Sixpack blew it on expensive toys, furniture and houses. Savers who have their money in banks have a pocket full of IOU's. They will only get their money back if Joe Sixpack makes good on his loans. The last few years have produced a massive flight out of u.s. dollar cash. People have gorged themselves on tangible assets...houses, gold, silver, furniture, cars, atvs, boats, tiddly winks...everything and anything. The flight out of safe, cold, hard cash has already happened and we now have a mountain of debt supported by very little real liquidity. Add up the market value of assets and debt and compare that to the real liquidity and we have a developing liquidity crisis on our hands. The fact that about 99% of people believe the opposite gives me all the more comfort.

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