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Whether or not Cramer has any credibility in his field, it doesn't take an expert to "play it out". Our nation's financial future has no hope in it. When 90%+ of our citizenry carries $20k in consumer debt, spread across two credit cards, makes a house payment, two car payments, and is using credit to put one youngster in school, the outcome can NOT be good.

I asked somebody who "should have known" what the value of our paper dollar actually was. He tried to tell me that it was a complicated question to answer and that it depended on many factors. In effect, he told me that I wasn't smart enough to understand it. I pulled a silver 50 cent piece out of my pocket and reminded him that IT could be quantified in not only terms of the currency of many nations, but in terms of bartering value as well because it was "intrinsically" valuable....ditto for gold.

I think I scared the guy because he didn't want to talk about it after that. I've been saying for a long time that our money is essentially worthless, and the only thing that keeps us "going" is that ignorant people simply haven't figured it out yet.