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

To: RJA_ who wrote (11747)	9/24/2008 11:02:24 PM
From: Real Man	Read Replies (2) \| Respond to of 71456

2 quadrillion, which is still not English. $300,000 per every human on Earth, or 6.55 Million per every US citizen, including retired folks and children. Or, about 31 times the World GDP. It's notional, though, not real, or so they say, so don't worry about this number. The real market value of these dangerous securities is only 14 Trillion (and that includes the value of very leveraged instruments, such as options), which is equal to US GDP. So, literally, a large failure of a counterparty (LEH) can cause a trillion dollar damage? Just as we have seen? Maybe it's just my paranoia? Maybe not.