SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (62372)6/1/2006 1:37:21 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
"Like an unpaid credit card bill, the balance grows every year — about $25,000 per household annually"

Since the chance of a writeoff or insolvency is close to zero then debasement of the currency must occur. No country in the world comes within a galaxy of growing it's account balance by that much per person.



To: shades who wrote (62372)6/1/2006 12:30:44 PM
From: GST  Read Replies (1) | Respond to of 110194
 
<Americans' government obligations are five times what people owe for mortgages, car loans, credit cards and other personal debt.>

This is the whole story in a nutshell. As important as it might seem in the short term, the housing bubble is not the biggest part of our financial disaster. It is very, very hard to see ow the dollar will survive this sort of financial disaster.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News