The US Dollar and the World Economy

The reis you want to trade is connected to the chicago pension system./nThe holes need to be filled so The money is not going to just not get paid to the pensioners./nSocial security is not going to go away just like we saw in france./nIf you start to do that you have revolutions in the street./nThere's literally bonfires at intersections in france in paris today./nBecause people don't want to wait another two years before they get their pension payments./nSo ultimately that check has to be written./nWhen you add up the column of how much money is not on the balance sheet today How much liability is not on the balance sheet today that is ultimately going to have to get paid out./nAnd the us government is going to print money to pay it out./nThe main take away is that there is a higher degree of uncertainty on whether or not I'm actually going to get the value back for the bonds that i'm buying in us dollar denominator form Or that the us dollar is actually going to be strong enough to cover the cost or it has enough kind of You know or has too much volatility. This uncertainty and I think that that's really where people start to say well Maybe the us dollar isn't that riskfree rate where it's a strong economy with a great balance sheet Great economic growth There's certainly extraordinary potential because of the freedoms that we have to operate in this country as individuals Through the enterprise.