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

To: Paul Kern who wrote (23716)	10/22/2009 8:29:23 AM
From: Wyätt Gwyön	Respond to of 71407

yeah, you know the only reason this was possible is nobody had a calculator back then that would go out to the quadrillions, so they all missed out on the opportunity. but it's interesting nonetheless: just 2 dollars back then, compounded at just 3 percent (and there were 2 percent perpetual sovereign bonds back then, so surely 3 percent could be had in some markets), would be more capital than the whole world has now, would be more than ten thousand times current world GDP. this implies that nobody, NOBODY, not even the entire world collectively, was able to get just two dollars worth of wealth to compound at 3 percent for just 700 years of human history. and yet now we take it for granted, in fact we practically require by law, that a $15 trillion US economy can compound at 2-3 percent indefinitely, LOL.