Hello Pezz, Today's Report:
Almost month's end, soon to vacate Hong Kong in favor of Thailand.
I am concerned about purchasing power of fiat cash vs gold in 2007, and so just purchased a portion of a dumbbell's worth of physical Gold Pandas required for next year, in keeping with program to turn over some function of Coconut's body weight in gold at age xx.
I think Japan, China and USA are, either by arrangement or by natural and independent inclination, to keep the game going for a long time, whereby Japan releases cheap liquidity, to be then passed back and forth between USA and China, to the eventual but certain ruination of all current middle class, in favor of the greater good.
Interest rate will always be cheap relative to monetary inflation, until and unless hit by DEFLATION of asset price enhanced by debt, and then by debt implosion.
I just do not wish to participate. I like to watch ;0)
Chugs, J |
