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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (252220)	6/6/2010 11:17:49 PM
From: Skeeter Bug	Respond to of 306849

>>Its worth pointing out I guess, that legal tender is also not good for all debts. AFAIK, anyone in the USA can demand that they be paid in other ways as well. I can sell a house and demand only gold.<< that may be true of a personal transaction, but your bank can't do that. that's important b/c most debt run through banks in the real world. the bottom line is the is P money out there but P+I debt balances that must be paid with P money. and P money is shrinking. the only outcome is BOOM! the only question is what kind of BOOM!