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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (67791)	12/1/2006 2:00:26 PM
From: regli	Respond to of 306849

"A dynamic variation on "if you owe the bank $100,000 and can't pay, you have a problem, if you owe the bank $100,000,000 and can't pay, the bank has a problem." However, if its the world's superpower's money that gets on the skids at the same time its geopolitical power is waning, I am not so sure that it inspires confidence in the present framework. The U.S. has a LOT to lose if the dollar relinquishes its premier status as the reserve currency. Exporters may lose a significant share of their investments but the U.S. will lose its stature as the premier place to invest and therefore cheap financing of its lifestyle. Life will be a lot rougher if one has to compete on even terms.