Hello Maurice, We live in an age where not taking a position is defending another position, an age where you are with me or not against them, and so I once more mentally massage over what troubles await me.
dailyreckoning.com
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A Nation Of Mouth-Breathing, Abysmally Ignorant Yahoos
The Mogambo Guru
... The idea that constant government intervention in monetary and fiscal policies can produce stable economies is ... discredited. It produces only violent swings in everything, destroying the ability of businesses and people to make decisions about the future.
[EDIT by Jay: my ability to plan and stay with plan is certainly no more]
... <<poverty-by-inflation is the breeding ground for the earth-shattering revolutions that periodically destroy whole countries>>
[EDIT by Jay: antidote appears to be well chosen real estate, leveraged in selected weak currencies, or currencies of domicile of real estate]
... - Australia boosted interest rates, and indicated more in the future ... simmering indications of inflation ... financed by the explosive growth in the money aggregates ... with narrow money expanding at a 22% clip and broad money at a 14% rate ...
[EDIT by Jay: I am feeling not entirely comfortable about my large loonie exposure. It is as if I set sail, lost track of time and direction, raised my head and see that I am in the middle of nowhere]
... buy gold. And lots of it ...
[EDIT by Jay: Monday is a public holiday in HK, again, as I told you before, we get a lot of holidays, and Tuesday-Thursday I must travel. I will open my paper gold account at the bank on Friday, readying for a really fast getaway]
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Chugs, Jay |
