WAKE UP!

The explosive growth of derivatives (and the world-wide instant communication ability we now have) is what has kept the "house of cards" known as the global economy from collapsing ever since the S&L crisis in the 1980's. If it were not for those we would have had a major world-wide depression 20 years ago! How long the US Government and Consumers (as a whole) can continue to live beyond their means, I have no idea. I do know it cannot and WILL NOT go on forever! The imbalances we have in trade, debt, the rich getting richer, etc. are without precedence, will end some day, and it WON't be pretty. The creation of the Federal Reserve has had the OPPOSITE effect of its stated purpose (to smooth out the economic cycles). With the debt our Fed. Govt. has there is ONLY one way out, for the Federal Reserve to continue to debase our currency (inflation) by creating ever increasing amounts of Treasury Securities (debt) and printing more US currency, so the debt can be paid with cheaper $.