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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: BEEF JERKEY who wrote (15377)	6/16/2004 4:29:43 PM
From: philv	Read Replies (2) \| Respond to of 110194

"And that's paper they likely will never be able to exchange for anything valuable because all these nations that export to the US are caught in this catch 22 of not wanting their currencies to appreciate." That can't be true because dollars are exchangeable for anything, just as long as the rest of the world keeps the dollar floating. Only a sudden loss of confidence and a massive crash can derail this ponzi US dollar scheme, but in that case, every other currency will crash alongside the dollar. So, as long as everyone cooperates, and no one blows the whistle, this will go on and on, and debt will keep growing along with bubbles. Meanwhile, U.S. financial institutions become richer & richer, flush with newly created money, acting as bankers to the world.