SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jimmg who wrote (63341)2/4/2007 4:06:04 PM
From: Elroy Jetson  Read Replies (2) of 116555
 
Such a foolish thing you are. I know your future.

When I went on holiday in Mexico after their 1983 devaluation, I saw the destruction which will be brought by our current government policy to devalue the US Dollar - while proclaiming their support for the Dollar. Its reminiscent of President Jose Lopez Portillo's comment, "Defenderé el peso como un perro", "I will defend the peso like a dog". He ended his term, like George W. Bush is, widly despised by the entire population. Everywhere he went he was mocked by people barking at him in memory of failed economic policy.

The effects of the current US Dollar devaluation has utterly confused you, leading you to believe the induced distortions in the US economy are actually signs of prosperity.

I met many retired Americans in Mexico in 1983 who were as naive and misinformed as you are today. They too believed that currency debasement was a sign of prosperity. While many wealthy Mexicans, who knew better, moved much of their money out of the country into other currencies, blind Americans like yourself moved their savings into "appreciating assets" in the Mexican economy experiencing conditions very similar to those in America today.

I will greatly enjoy watching your destruction at your own hands. Your own stupidity will guide you into the path of danger.
.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News