Hello Grace, <<One of the killers of economic growth is hoarding>>
I am killing economic growth big time now.
I understand what you believe based on this discussion Message 18609815 and I believe you are as wrong about the nature and consequence of the trade deficit as you are about the nature of wealth.
Today, I have already trimmed way back on Euro and AUD Message 18598841 and have gone whole heartedly to paper gold (certificates representing ownership in physical gold) Message 18608266
Debt financed trade deficit weakens a country, wobbles its finances, enfeebles its balance sheet and mortgages its future, puts its citizens on the treadmill servicing debt owed by outsiders, feeding assets controlled by outsiders, and tempts the politicians to inflate the debt away, even if the inflation pulverizes domestic pension pool and capital aggregation.
The game ends at some inconvenient time.
Chugs, Jay
P.S. Here I was, day before yesterday, believing thus …
Message 14861804
November 22nd, 2000
… which made me around Message 16640103 8% in 2001,
… and here I was, yesterday, believing thus …
Message 16898477
January 11th, 2002
… which netted me Message 18388681 8.86% in 2002.
The Script continues as ... scripted;0) |
