TJ,
I think we pretty much agree having 10% PM's makes sense. We also agree on having some other currency holding, either directly or though investments in those countries.
Message 22530853
You are of the school of thought that TEOTWAWKI could happen very soon,centered in the USA and are prepared to go 100%PM. I am of the opinion that every trick in the book will be used first, to avoid that, not only in the USA but in the entire world. That is a lot of concerted power and therefore is will not happen soon, perhaps not in our lifetimes. As you point out it took Rome 500 years to collapse, and the sequence was quite pleasant for some caught within the embrace of collapse, and likewise Britain, but in less than 500 years, and so forth.
The USA debt situation is troubling but consider that Europe has a VAT tax which in Germany will soon be 19.9% and huge taxes on gasoline, road taxes etc,. Should the US be under pressure to reduce their deficits you can expect those things to be implemented here. It might cause a consumer led recession in the US which could spread worldwide but it would be justified and blamed on someone else, Chinese, Arabs, Terrorists etc.
So, in short we have time but I do agree developed countries are going to fleece their citizens to a point where they will have to put controls on people and capital leaving to stop the flood, making places like your abode particularly attractive.
Umm just how is the property market in money rock?
cheers,
Ray |
