Strategic Investment editor Dan Amoss is sure of one thing: Every paper currency in history eventually fell to its intrinsic value: zero. And the dollar is no different.

Dan says Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) shareholders could be wiped out by debt offerings by next summer.

The alternative is Uncle Sam issuing billions in new Treasuries to back Fannie’s and Freddie’s liabilities, and the Fed then monetizing them. This could lead to double-digit interest-rates and the eventual collapse of confidence in the dollar…

Strategic Investment editor Dan Amoss is sure of one thing: Every paper currency in history eventually fell to its intrinsic value: zero. And the dollar is no different.

Writing in Whiskey and Gunpowder, Dan says that Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) shareholders could be effectively wiped out by endless debt offerings by next summer.

The alternative is Uncle Sam issuing billions in new Treasuries to back Fannie’s and Freddie’s liabilities, and the Fed then monetizing them. This could lead to double-digit interest-rates and the eventual collapse of confidence in the dollar…