[Toddsterpatriot]

How's it doing now?

It's doing okay.

"Up since Feb 2006?"

Yes. Up since Feb 2000. Up since Feb 1990.

Don't forget you are measuring your returns in $US - and that measuring stick has shrunk quite a bit.

The vast majority of my expenses are in dollars. And a chunk of my portfolio is denominated in Euros and other currencies.

This entire meltdown in the financial sector proves my point since the beginning that fractional reserve lending is not a viable framework on which to run an economy

That's why our economy is so much smaller than in 1913, before the Fed? And didn't we have fractional reserve lending, even before the Fed? Even when we were on a pure gold standard?

All it does is create boom and bust cycles.

Like when we were on the gold standard? Got it.

This has been going on for a few centuries now.

We're doomed.

[dollarbull]

Like when we were on the gold standard? Got it.

Fractional reserve banking was practiced during the gold standard years. That artificial credit expansion is what caused the boom and bust cycles back then - same as today.

Not understanding this is what caused you to stay long BAC and other financials into this meltdown. Things are pretty much unstoppable at this point. The limits to exponential growth that always take down credit/debt based systems will not be denied. After things completely meltdown and the $US has been replaced by the Amero, it will be a good time to buy financials again for the long super cycle up the new debt curve.