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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 380.060.0%4:00 PM EST
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To: Canuck Dave who wrote (67051)10/10/2010 1:49:12 AM
From: TobagoJack  Read Replies (1) of 218012
 
<<Prosperity, inflation, depression, war.
That's what happens when you let people print money.>>

Simple enough a teaching if taught to or even just pointed in the direction to astute people, but classical music to sheep in so far as the mass of electorates are concerned.

The masses wish and prefer to believe the fiction that folks using the same sort of paper money (meaning money made of similar paper) can somehow 'undervalue' their paper to gain some sort of unfair advantage to, by subterfuge, overcome the genuine advantage of being able to print the global reserve currency. How odd.

The masses figure that that by making their money 'cheaper' they can recover lost advantages that are lost in truth because of relative diligence, comparative savings, and differing levels of enthusiasm for tomorrow as expressed by diligence and savings.

The masses figure that they will get to compete head-on against developing world wages by devaluation and come out somehow on top when they must buy global commodities including food n fuel from the same sources. The obvious are obviously not obvious enough.

I am just done with Sunday lunch, now about to nap, but am thinking about the teachings of "Fiat Money Inflation In France" and those conditions that are so similar to what we can easily point to this day. I am scared but excited.

Nap time.

Still, we must do our social duty best and impart our fears to others, to try to save them.
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