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: kris b who wrote (75396)	12/12/2006 11:21:33 AM
From: Mike Johnston	Read Replies (1) of 110194

Can the US treasury afford to support the whole nation? Treasury supporting the entire nation is an idea as absurd as people living off rising house prices. This is not about treasury supporting the whole nation or bernanke substituting housing ATM with something else, and i haven't said anything like that, it is about maintaining an illusion of prosperity and preventing an economic and financial collapse caused by bursting real estate bubble. No matter what happens, a lot of people will sink into poverty while pig men will do very well. I do not know what Fed will do to prevent an economic collapse, but no matter what they do, the result will be inflation and the dollar will go to 0.

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