Hello shades Member 4166176 , <<Pheonix>> ... absolutely no lock-in.
<<Deflation ... stands ready, to buy stocks, bonds, houses, other assets, and even raw land, to keep deflation from happening!>> ... :0)
... Sweet, and you believe them; not only that, you believe it will work. Precious, truly :0)
I believe the French politicians in effect promised the same thing, until all except a few of the crowds went bankrupt.
314 years is the long term? I suppose some would think that. In any case, I believe the dollar died a few deaths in between times, and a whole lot of families sank below the waves, because they didn't have you know what, and it isn’t land, especially mortgaged land with a taxable address.
<<paper currency>> ... invented where?
<<what effect do you think taking away capital gains and tax on dividends will have on stock and real estate purchases ...>>
... that move of desperation, given the leverage and obligations in the officialdom system, expected of lesser intellects, along with helicopter money and actually the same as helicopter money except dropped by fixed wing aircraft, will come, nearer the end, have some sort of sorry effects, in alignment with inflation agenda, and then succeed to fail, quickly enough, because of already embedded obligations and made promises, resulting in bankruptcy due to inflation.
Same script, and history did not end. The levers and buttons fail when most needed and desperate, always.
More moves, expected of intellect of must-lose and of no-consequence, would include getting rid of the income tax altogether, provide free university education for all, and heck, might as well have the officialdom provide housing for all and rid of the convolution of work, borrow, buy, may be implemented. But, one wonders, so what? The ruin that will be destiny will arrive that much faster, per script.
So far, nothing, absolutely nothing that you used as a prop to support an approach that assumes inflation can be beneficial, and if so, more is better than less, is new. All of the gimmicks are simply variations of the same that went before, and yet, we know what happened before.
You see, the road to doom is long, doom itself has depth, and the longer one stays the course, the more absolute the doom.
<<You say maybe 20 years from now - if so time to get those free money loans and ride the wave in this business cycle>>
... eh, having already played the real estate on cheap loans during SARS and Asian Financial Crisis, also played CanRoys more recently and partially on Japan financing and then US leverage, and am playing with real estate in Japan and 2 points southwest, I guess I now prefer to finish building a business, in time to sell to folks who will be taking out loans to buy, if you are correct, and I really do hope you are. I just prefer to anticipate where the wave crest will be, move along, rather than bop up-down in place and get ... well, prefer not using rude word, so I will substitute "Bernanke-ed".
On gold, as your script plays out, I will be doing better and better, even as I up gold allocation at ever higher prices, until that awful day that always follows the brilliant days happen, and … well, read the book amazon.com
The earliest date mentioned appears to be 1351, and so should be particularly good for folks who believe 314 years is a long time.
Chugs, J |
