Great article. Makes you think about where we might be headed to.
http://www.kitcocasey.com/displayArticle.php?id=490
http://www.kitcocasey.com/displayArticle.php?id=490
Hmmm, the site is down. Must be from all the ERs stampeding rushing over there to sign up. I hate it when I miss the express elevator-- it is going up, right?camberiu said:do you find any flaw in his argument at all?
Nords said:But why would we want to give up our diversified global equity investments, highly liquid that most of them are, for an investment that's based solely on exchange rates or commodities? I'd rather hold value & dividend stocks than currencies.
C'mon, cough it up. We can't draw any conclusions about the validity of your comparison without knowing the name of the country.camberiu said:I come from a country in which the government went on a crazy shopping spree during the 50s, 60s and early 70s. But at one point the party ended and it was time to pay the bills. Talk about reckoning day! To cover the huge deficit, the government started printing money like crazy and taxing the heck out of everybody. The result was 20 years (yes, 20 continous years) of STAGFLATION, until some very painful corrections were put into place and the boat "kinda" stopped making water. It is not smooth sailing right now, but after years of political turmoil and some very hard and painful budget cuts, the government expenses are somewhat under control.
Nords said:C'mon, cough it up. We can't draw any conclusions about the validity of your comparison without knowing the name of the country.