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

To: mishedlo who wrote (69415)	9/6/2006 4:06:25 PM
From: bond_bubble	Respond to of 110194

Have you read any good book on 1929 depression (with some monetary analysis) in UK? I think, US is now closer to what happened in UK in 1929 than what happened in US in 1929. There is no pool of real funding (savings), and no way to pay this back. I even think, one of the curse of paper currency is that you can spend your future savings and this debt exists even after humongous default!! Suppose I short some stocks and cash the profit and put it in safe place. This implies, I'm still holding to the past debt/credit!! (like Kennedy cashed on his stock market shorting when he was the SEC chairman). I'll be spending it without being productive and someone will have to work his ass off to validate this "past debt".