Bubblization

"So we have, through trillions of dollars of debt accumulation, created a de facto dollar standard in much of the world economy."

"The debt is based, however, on a worldwide bubble economy, perhaps the biggest bubble in world history. The whole theory behind this comprehensive "bubblization" (a new word for you, referring to the combination of federal deficit, trade, mortgage, housing, and dollar bubble working together) has grown out of the economic theories of the Fed."

From the Demise of the Dollar by Addison Wiggin p88. Mr. Wiggin writes the Daily Reckoning newsletter.

I am currently reading this most informative book. Almost done.