then you will be surprised by the USDdollar decline
and the rise of gold
gold is real money, and the shit in your wallet is not
extended credit has been confused with wealth
legal tender has been confused with money
you sound like a true zealot from the DeMonetized camp for gold
your comment about baubles is moronic or humorous, unsure
sad, very politically correct
your optimism in the USDollar might not jibe with the Twin Towers
federal deficit rising fast to fight recession, extended unemployment, widening public assistance, debt collapse counter measures, stock weakness, security measures, new burokracies, expansion of war efforts
trade gap widening, unresponsive to lower dollar, as foreign economies weaken worse than ours, and realization dawns of people that US products contain a plethora of imported parts
beware that every single Kondratieff Winter has decimated the world monetary standard
the deflationary from debt collapse feeds upon itself
each failure breeds the next failure
Enron was to be the last, until WorldCom, KMart, GlobalXing
the dollar decline feeds upon itself also
each rachet down leads to the next
the 10% lower dollar has come with rising trade gaps all summer long
get a ringside seat
NewZealand might benefit
heck, in a few years, I might move next door to you
but the US economy, banking, and currency are in deep trouble
and your head is firmly either in the sand, or reminiscing of days gone by
good luck to you
I will need you to purchase my gold shares in a couple years
you will be there to buy
you are typical of many intelligent people who miss the early stages of a major bull run
each busted bubble ushers in a totally new sector leader
just what do you think that leader is?
cell phones? not hardly, Bruce
tech? get real, been there, done that
banks? right, check the foreclosures and defaults
retail? wait until the recession hits
chips? uh-huh
monetary and banking crises are right around the corner
when USTrez market is rocked, you will only then become a believer
/ jim |
