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<p>[QUOTE=&quot;fatima, post: 1250399, member: 22143&quot;]<u>The worth of something is always and only the sales price at the time of sale.</u> Farmer A can only pay, at most, $1000 for Farmer B&#039;s corn.&nbsp; Hence the worth of Farmer B&#039;s corn is now $1000.&nbsp; However, the worth of the original corn just dropped to $0.&nbsp;&nbsp; My original premise holds because now, the original corn has no buyer, so its worth is 0$.&nbsp; &nbsp; Thus the total value of all that corn is still $1000.&nbsp;&nbsp; This is a concept that many miss. I will restate it again.&nbsp; Worth of an item is only what it will sell for at the time in question.&nbsp;&nbsp; </p><p><br /></p><p>This is why I contend that total worth of all assets in a system is limited to the total amount of currency in the system.&nbsp; It does not matter what people originally paid for an item, what they believe it is worth, or what they expect to get.&nbsp;&nbsp; Worth of an item is limited to available currency to purchase said item.&nbsp; &nbsp;&nbsp; Millions of people in this country are finding this out the hard way now that they have discovered the &quot;worth&quot; of their McMansion home purchased during the bubble is far less than the debt owed on it since there isn&#039;t enough real currency in the system to cover it.&nbsp;&nbsp; There are two macro solutions to the problem.&nbsp; The central bankers can release enough currency in the system to cover the valuation of all these homes, but then currency becomes worthless, or keep the currency in the system flat and these home&#039;s worth approaches $0. </p><p><br /></p><p>Getting back to my original point I was responding to.&nbsp; There is not $50T worth of assets in this country if there isn&#039;t $50T available for someone else to purchase it.&nbsp; The above demonstrates why.&nbsp;&nbsp; The worth of an item is only what the current market can pay for it.&nbsp; Make a purchase on A, then the worth of B falls unless currency is added.&nbsp; &nbsp; It&#039;s as simple as that.[/QUOTE]</p><p><br /></p>

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