The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: dvdw© who wrote (53575)	10/23/2013 8:46:46 PM
From: John	Read Replies (1) of 71454

Good points. What I meant by "the problem is relative" is that if all nations are deeply in debt, and debt is the only game in town, absolute debt is not as important as relative debt. For example, what if all nations on Earth doubled their debt tomorrow? Compare that scenario to only the United States doubling its debt tomorrow (or all other nations halving their debts tomorrow). Whose national balance sheet is the most attractive from an investment and credit standpoint? Believe me, I am NOT arguing for the "debt is not really an issue" crowd. I'm in the crowd that wants to see zero debt, zero credit, the end of fiat currency, the end of central banks, the end of fractional reserve banking, and a return to a system of trade that is backed by tangible assets that have intrinsic value. It's impossible to create any kind of bubble when payment in full is required today for any goods or services delivered or rendered today.

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