Is America Bankrupt Is the Dollar worth Zero?

What folks need to understand is that the global OTC derivatives market, measured in tens or hundreds of trillions, is virtually all U.S. dollar denominated. Its systematic failure, which is now occurring, requires U.S. dollar balances to clear (settle) the trades (bets). This has created the paradoxical global demand for U.S. dollars, the currency of a country that is fundamentally bankrupt. By rationing credit to hedge funds that were naturally levered and "long commodities", institutions like JP Morgan routinely took the other sides of their customers commodities bets, ruining institutions like natural gas player Amaranth, and propping up the balance sheets of those who were short commodities, such as the banks. The Federal Reserve led cabal of Central Bankers have engineered the collapse in commodities prices while creating the illusion (of a perverse U.S. dollar rally). The engineered collapse of the commodities complex became necessary in the eyes of monetary elites because the rush for tangibles and corresponding repudiation of fiat money was becoming manic, as so clearly evidenced by the emerging shortages of precious metals, gold and silver bullion.