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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: TobagoJack who wrote (60703)12/17/2006 9:33:52 AM
From: Haim R. Branisteanu  Read Replies (1) of 116555
 
Hello TJ, thanks for the remarks but this was not my point <smile> the issue is about the stealth confiscation of wealth all around the world by elected governments due to printing endlessly fiat money and under reporting inflation.

As to the example I did point to your investments in PD as an example that even if one is right on his investmetn strategy and lives in Europe, N. America or other country were you pay taxes - there is very difficult to keep your buying power with real inflation even if you are correct on your investments - which in most cases is not true <smile> as most people are not so smart as to make the right investments decisions.

Aside from that, what do you have to say about the 15% to 20% of people earning power channeled into financial asset courtesy of their government (social security) and their employer (pension funds) and their own IRA / 401K savings every month in the Western Hemisphere in holding up the various bubbles?
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