mq, the printing of money and the low interest rates cannot last forever...they will have inflationary effects sometime, just do not ask me when.
in the good old days, debt was subject to periodic forgiveness, literally resulting in wiping the slates clean, slates being the instruments on which Mesopotamians recorded debt.
did you know that in the language of the first recorded writing, the word 'debt' was the same as the word for 'slavery'?
and of course you know that debtors who did not pay could be taken as slaves.
debt is still slavery, though of a much more subtle and insidious form. in the absence of the antiquated but very rational periodic debt jubilees, excessive money printing and the inflation it brings are the only ways to pay off the enormous global debt owed by states and people. and that's where au comes in for inflation, though it will cause higher stock prices, will eventually reduce consumption and therefore demand. thus, qcom will be selling fewer chips and getting fewer royalties. au, on the other hand, as a time-tested store of value, won't suffer from these problems.
and that is why you need to sell your Q and buy gold and why au has outshined Q for at least a decade. |
