Even the world's luckiest currency cannot escape the fundamental laws of economics forever.

In the financial world today, some experiences are much more real than others.

U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press, that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

The stock market looks healthy. The problem in the housing market is "contained" in the subprime sector. And M3 is growing at 13% per annum - the fastest rate in 30 years. With all that new money coming into the system, how can prices do anything other than float higher?

Bill Bonner writes that the greenback has the weight of the global financial system on its shoulders.

Americans have never been more dependent on others. Now it is not to the English that they are bound, but to their creditors.

The United States is suffering the worst slump in the housing market since the '30s, and America's middle class is beginning to notice.

You can contain something while it is still small, localized and manageable. You can't contain it when it's spread everywhere.

There is nothing like a long spell of good luck to ruin a man. He begins to think he can get away with anything.

Bill Bonner writes that it's not just consumers being seduced.