To: Proud Deplorable who wrote (7976 ) 2/18/2007 1:31:52 PM From: roto Read Replies (1) | Respond to periodically the implied 'sunset' of the US$ appears on other threads, now here. some time ago, I witnessed one that straddled the Raging Bull & Silicon Investor boards. the info was most interesting and the crazy thing was that the talk was methodical, not emotional or even jingoistic...that was amazing in itself. the time was during rising interest rates, the housing market effect of refinanced principles to higher sums, plus 2nd, 3rd mortgages, the change in bankruptcy law, the increased National debt...all this was thrown into the field of play. questions/ statements always were> what if? it was a can of worms that went everywhere. gold was the common thread as a means of survival, but there are flies in the ointment on gold. one can not consume gold for it will not warm or feed you. it merely reverts to the acceptable convertible currency supplanting printed currencies as the means to purchase the needs to sustain life. the end consensus, what was ultimately generated, was the smartest thing to do was to buy a good productive farm, no mortgage of coarse, no debt whatsoever. you can always grow what you need & sell your surpluses for gold, or whatever. actually it makes sense if you believe the doom & gloom of it all. my take on this is that the world will do fine with or without the American participation. the middle classes are growing even in countries hostile to our interests, but the end result is an increased demand for all resources. the crazy thing about farms brings to mind the necessity of a lot of good potable water, un- exhausted top soil...all what is necessary to sustain life. people have such little regard for the obvious things when it is seemingly abundant. maybe the biggest thing in the future is not discovering the next gold field but sound water & soils management.
