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To: elmatador who wrote (21489)8/22/2007 3:05:12 AM
From: Ilaine  Read Replies (1) | Respond to of 218710
 
America has 6% of the world's population and more debt than the rest of the world put together.

Dunno if your figures are correct but you're missing the point.

The US has the world's biggest economy because we monetize our assets.

At some point, Mr. Allmon said, "it will all come home to roost.

I'll bet you a dollar he's one of the guys who think that only gold is money.

[Edit: I'll go no further than googling Motley Food article on Charles Allmon, he was a bear in 1998!!!!!. As were many on SI. And of course eventually he'll be right, but being wrong for ten years is definitely a misused lifetime.]
fool.com

People like him think gold is money because they don't understand economics.