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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Tommaso who wrote (69247)6/11/2012 8:50:57 PM
From: Tommaso2 Recommendations  Read Replies (2) of 119362
 
So far not much in the way of helpful advice.

The U. S. government is running on borrowed money? No. It was, at one time. First, borrowed from ourselves. Next, borrowed from the Japanese. After that, borrowed from the Chinese. And now, electronic bank balances created to buy Treasury bonds. Not borrowed from anyone. Just issued.

There are two major earlier models for this situation:

1. The Chinese government under Kublai Khan about 1270 A. D. .

2. The French government under the child king Louis XV with finances managed by the Scotsman John Law (1715).

Both started with powerful countries that dominated their political landscape. Both ended in monetary chaos and total loss of value of the fiat currency.

Other examples do not count because they are in countries defeated in war, or undeveloped countries that never had a sound currency to start with--or several South American countries with endemic monetary irresponsibility and episodes of military dictatorship.
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