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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (2755)12/3/2007 11:26:19 AM
From: John Vosilla  Respond to of 71463
 
GT, I think you have a balanced firm grasp of things. Even this housing mess, as bad as it is, isn't the end of the world. A quick and dirty on the losses 40% on $220k average home at 1M foreclosed homes a year is not even $100B.. A fraction of the market cap of our largest companies or the $2T+ total tab in Iraq.. How about the 45%+ plunge in the dollar in recent years for the real loss in this country? Only things I'm sure of is your dollar will have purchasing power that is a heck of a lot less in 20 years, your nominal home value will be much higher than even 2005 by then, you will continue to pay taxes and we all will die some day..



To: IngotWeTrust who wrote (2755)12/6/2007 10:41:09 AM
From: DebtBomb  Read Replies (1) | Respond to of 71463
 
Well, at least you're thinking. I'll simplify things for you.

70% of GDP now is consumer spending.

Americans are spending MORE than they earn.

We don't produce much other than debt and dollars.

Think.


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