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

To: arun gera who wrote (11489)9/21/2008 12:02:35 AM
From: IngotWeTrust  Read Replies (2) | Respond to of 71442
 
Here's another example of stretch, only it's NOT stretch the truth.

BIS puts out their assessment of notional value either quarterly or semi-annually. I believe it is quarterly, but can't swear to it.

However, I found this didactic statement elsewhere on the net just now:

"We wish the rescue initiative good fortune, however the problem was last reported by the BIS as one quadrillion, one thousand one hundred forty four trillion - a tad larger than $700 billion.

Notional value becomes full value in bankruptcy. That is a simple fact.

Remember there are CONSEQUENCES that cannot be avoided."

I confess, I can't even begin to stretch my mind around how big THAT number is.

Anyone?



To: arun gera who wrote (11489)9/21/2008 1:32:34 AM
From: dybdahl  Respond to of 71442
 
Demography is the reason that I bought a new house that is disabled-friendly, reasonable in size, close to shops and next to the train station. And until now, it keeps its price much better than an old, maintenance-requiring big house that requires a car.


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