hello elroy, friendly discussion - in 2007, for example, unless your return beat inflation, say better than 8% after tax, your capital was ripped from you by your fellow and fellowette country people and by wall street
unless your capital did better than 16% after tax, it was twisted out of you by canadian neighbors
etc etc
such actions, over time, if sustained, will see your capital shrivel to nothingness, which is very little
and none of the machinations involve the use of <<force>> unless you believe cnbc is force
seen another way, your capital is in fact trapped, voluntarily, put at the mercy of your officialdom and your financiers, even as your financiers move their own capital offshore, safe from your officialdom, so that they can better buy your officialdom for own biddings, most likely to your disadvantage
are your returns <<better and safer>> than those earned by zimbabwe residents bigpicture.typepad.com without the comfort of offshore accounts?
the answer is of course both yes and no, depending on your take on the truth amongst the facts.
i am figuring that the average trader (bought and sold, and paid taxes) of usa shares lost (10% nominal gain - 8% real inflation - 8% genuine global purchasing power loss - 3% certain tax and fees) 9% of his capital during 2007
recommendation: do not drink the cnbc koolaid and swallow the wallstreet bullcrap, panic, and accumulate gold, for it is for sovereigns |
