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Pastimes : How Much Is The National Debt Today?

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To: Crocodile who wrote (71)12/2/2004 8:01:50 PM
From: Oak Tree  Read Replies (1) of 110
 
Crocodile,
So the debt is increasing. Bad news since very soon the a few Chinese super rich and a similar number of Japanese super rich will own all of the USA.

Question, outside of buying Quan, which is not really possilbe, how does one protect against the inevitable inflation of the $?

Should we all be buying land? Gold? The problem with land is that it gets taxed and taxes will go to the moon the second inflation hits -- since interest on the debt will require it. Gold isn't really money its not even a commodity.

What are you doing? When are you pulling your money out of the market? Are you planing to pull money out of the market?
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