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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (25920)	10/12/2007 11:34:14 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81141

James > How do you insulate yourself from this and maintain some peace of mind? Middle class people don't see most of the problems in their daily lives which I'm sure are similar to the daily lives of most middle class people anywhere in the world. But the problems are beneath the surface all the time and to many are the reason for emigration. I have often said the reason why I spend so much time jawboning about Israel and the US etc is because I don't want to think about the problems in SA for the simple reason I can do nothing about them except hope for the best. > do you trust the banking system or do you hide your money under a mattress? Don't be silly. SA is awash with money at the moment and the share and property markets are soaring. My share portfolio has appreciated more in the last 3 years than ever before. I tell people that to survive in SA they have to learn to swim both in money and in shit. But that's only for those who have money, for those who don't it's an awful struggle. There's a book written many years ago called the Economic History of South Africa in which the author, de Kiewiet, says, presciently, that the milestones of the history of SA have been a series of economic windfalls and political disasters. And that is as true today as it ever was.