Darleen > Dollars and more dollars and more dollars that are limited in use stretch it far enough and long enough China could own the FED.
Theoretically yes, but not possible otherwise -- Chinese are not Jewish. And it states in the Torah that a Jew has to own the Fed -- otherwise what's the point of being Jewish?
Here's and interesting article
321gold.com
We often discuss the following contradiction here -- notwithstanding the obvious inflation everywhere, and for obvious reasons, why should property not be bought?
>>"And right now, almost every commodity and investment I write about - food, precious metals, energy, even water - is soaring. The cost of a 5-ounce can of pistachios I bought yesterday is up 12% in a month. A large size bag of Lay's potato chips is up another 14%. Corn and wheat prices are up 13% and 11% respectively since early May. Soybean prices are on a tear, UP 23% in barely four weeks. The price of cocoa is up 10% in a week. Sugar is up 10% in three weeks. A loaf of bread is up 8.9% since the first of the year. A head of lettuce is up 13%." And it is going to get worse and worse because, as he correctly says, "Rising oil prices are inflationary." To amend that, I will generalize to say that rising prices of ANY kind is inflationary. The famous Jim Rogers is on the same wavelength, and he figures that, just looking at historical precedents, "The boom market in commodities will last till sometime between 2014 and 2022.
"At the peak of the bubble in 1990, Japanese real-estate was worth four times the value of all property in the US!" And since real estate markets in The United Kingdom, Ireland, New Zealand, the Netherlands have all started collapsing, it is time to brush off that old adage, "What goes around comes around". And that means bad news for the USA in the next year or so. Mogambo housing tip o' the day (MHTOTD), rent, don't buy.<<
But I believe if one envisages inflation continuing as far as the eye can see then property should be bought.
I note Uncle Bill is still smoking the green leaves --
>>Bill Murphy of Letropolecafe.com says that the heyday of gold is looming. "Wait until the facts surface about how the central banks squandered 2/3 of all their bank reserves to foster a price manipulation scheme. There will be a frenzy to own the stuff like never seen before." How big a frenzy? He opines that "we will most likely see the gold price somewhere between $3,000 and $5,000 US an ounce", which is, admittedly, what a lot of other people have said, too, but I just like hearing it.<< |
