mercoledì 4 gennaio 2012

US DOLLAR- FIAT MONEY.

The unfunded liabilities of the USA are staggering. Over the next 20 yeas , circa, there is gigantic $75 trillion unfunded liability problem for the US government.
The US could be headed towards decades of dollar devaluation.
If america goes into a crisis like in Europe, the fall in the dollar could be worst than the problem linked with the euro, because America is the largest debtor nation in the history of the world.
Today money is being created worldwide, but not through work and investment, but trough money printing: assets are being held at above market value with accounting techniques, to protect bank balance sheets. This new way of acting, requires ongoing money creation to maintain itself.
These problems are in particular linked with the US_EUROZONE area , and less with RUSCHINDIA area, Russia, China and India.