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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: Cogito Ergo Sum who wrote (70165)1/4/2011 3:35:23 AM
From: TobagoJack5 Recommendations  Read Replies (4) of 217643
 
forget hope

there is no margin of error in hope

the recently noted and watch/briefed on actions of taxation, pension confiscation, and inflation are cratering the middle class across the planet.

middle class was a tenuous status to begin with, and easy to slip off of the middle class cart especially when the wheels start coming off.

the wealthier chinese uniformly believe one must run forward else one slides back. they are not wrong.

the wealthier americans probably still believe they can retire on their house and pension. surprise coming.

i have never dared to think myself as wealthy, and these days, less wealthy each day as the uncertainty increases. i have always guided self on basis that "i have to work therefore i am not wealthy, end of story"

hardly anyone is wealthy when it takes usd 12 million dollars on deposit in hk to earn enough to buy a big mac meal every day of the month, with nothing left over.

in such an arena of global "fiat money inflation [dilution]" true winners are few, and anyone below the top 1% are fooling themselves in thinking that the second 1% is wealthy, especially if one's wealth is completely domiciled within the embrace of the more fierce, needy and therefore terrible of the legal domains.

having said above, the real-time lessons are interesting, and given that one has no choice but to attend class, might as well make the best of the learnings.

shiny gold may be dull, cold platinum may not warm the heart, antibacterial silver may not kill the blues, but they are reassuringly solid.

amen
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