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


To: Real Man who wrote (81625)5/9/2007 11:38:52 PM
From: sammy™ -_-  Respond to of 110194
 
The dollar's strength is based by the number of them in existence, compared to other paper currencies,,,since no paper currency is backed by anything, none have any actual value other than the government. Since the strength of the buck is in direct proportion to its number in existence, consider the national debt. It is currently an actual $9-10 trillion. If all the promised future payments and handouts are considered...like Social Security, Medicare, etc, the national debt is probably $40 TRILLION...Now tell me how $40 trillion can ever be repaid? About derivatives markets it's in the danger zone. Warren Buffett says derivatives are financial weapons of mass destruction... seekingalpha.com