fuzzywzhe

Enjoy These 'Dollar Days' - But Will They Last?

In a country:

* that spends $600 billion a year on it's military (that's more than the rest of the world combined spends on their military) and is still unable to win 2 wars in 2 spitoons of a country in the Middle East


* that has a 20 trillion dollar obligation to pay out to the Worst Generation - the boomers over the next 30 years in SS and Medicaid.

* that has a national debt of 10 trillion dollars, and absolutely no way of paying it back

* and it entirely dependent on outside foreign energy...

I really don't expect the dollar has any fundamentals going for it, at all.

And let me point out that the very foundation of our monetary system is based on housing - nearly all the money you send to a bank is invested in mortgages in some way or another, and this is done in a fractional reserve banking system where the fractional reserve is just 10%.

The panic has yet to begin in my opinion. But whatever, live it up while you can. I guess ignorance is bliss.