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

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From: redfrecknj	9/26/2006 1:14:43 PM
	of 110194

from Richard Russell's site via Ron Sen: Maybe the "Mogambo Guru" of the Daily Reckoning site put it in the most easily understandable way, and I quote -- "Hmmm! I am perplexed by the fact that there is only $798 billion in actual cash in existence, and my wonderful (brain) wonders how that little bit of money can produce an $11 trillion economy, a national debt of $9 trillion, consumer indebtedness that is over $30 trillion, $80 trillion in accrued federal government liabilities, $450 trillion in derivatives, a $600 billion annual federal budget deficit, and an $800 billion trade/current account deficit. How is this possible? Or is The Mogambo just an idiot like everyone says?"

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