usa nett debt to pass 8 trillion dollars, page-7

Herr Von Crumb. I just don't think the dire predictions will happen the way a number of people think they might. The US market has been sick for a long time, the Fed has been counterfeiting money with respect to any semblance of classical economic theory for quite a few years, so why hasn't there been any implosion yet?

I'm not saying such a thing couldn't happen, just that I can't see it happening the way many think it might. Why?

Well for a start, governments now have an active hand in equity markets, there is much more interconnectedness between trading partners now than was formerly the case, fiat money is endorsed by all major trading countries (imagine trading with gold), and although the bane of the world monetary system - dollarization - may take a fall, I just don't think the scene is set for a calamity. Maybe the ingredients are there - but in whose interest would it be to trigger such a disaster?

maybe I'm smoking the wrong stuff....