i see that there is still much for fiat money inflationists wastrels to learn
it should be obvious to the most casual of astute observers that
- money under electronic mattress earning no nominal returns is a better deal than debt invested in s&p500 exacting 50% nominal loss and an additional 50% in purchasing power loss
- those who disagree will be educated, hard, side ways, and rough
- as for gold hoarders, we have and are gaining, without any officially recognized gold standard, just making do with the already ancient gold benchmark
- the worst event for the gold hoarders and onward gold market is if gold is hogtied to spending currencies
- what has helped japan was precisely that they had lent to foreigners, at effecively negative rate, as opposed to have borrowed from the foreigners, at positive rate, real and or nominal making not much difference
- in the mean nasty time, usa has embarked on japanese zirp, so as to experience zimbabwe solution, and reach the argentine outcome
- i trust you are gradually but surely recognizing the validity of my pondering from the days of idotbomb and nights of eslashnet, when you insisted on us$'s ordained status as better than gold, against all laws f nature
- get ready for lesson two |
