Mark Eibner

Three Reasons Why the Dollar's Not Yet Done

Louis- As of the end of June 2008, official figures, compiled by the U.S. Comptroller of the Currency, showed a total derivatives exposure of the three largest U.S. bank holding companies—JP Morgan Chase, Citicorp and Bank of America—stood at more than $179 trillion. And the Bank for International Settlements put the amount of documented outstanding derivatives contracts worldwide at the end of 2007 at $675 trillion—still a fraction of the actual exposure.

The margin calls are coming in and their is not $675 trillion to be found anywhere in the world! $800 billion is like pissing in a tin cup.

The Dollar is not worth Jack S**t. We will be moving to a hyperinflationary era that will make the pre-Nazi economy look like good times. Do you not get it...that the entire fiat - debt monetary system is out of control and crashing.

It is yet to be determined what if any RESERVE currency will exist within the next year. So take any profits you have and pack them into a wheelbarrow.