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To: Iwo Jima
The logical consequences of malinvestment on such a massive scale is going to be severe

Indeed $500 trillion of derivatives paper, almost worthless junk without new buyers to roll it over.

We will need a new currency there is no other way to unwind the debt.


BUMP

144 posted on 08/24/2007 10:05:42 AM PDT by capitalist229 (ANDS)
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To: capitalist229
Indeed $500 trillion of derivatives paper, almost worthless junk without new buyers to roll it over.

You think there is $500 trillion worth of derivatives out there? And that they're worthless?

We will need a new currency there is no other way to unwind the debt.

Jerome, is that you?

145 posted on 08/24/2007 10:09:34 AM PDT by Toddsterpatriot (Ignorance of the laws of economics is no excuse.)
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