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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: shag007 who wrote (14726)	11/20/2008 12:05:03 AM
From: Don Earl	1 Recommendation Read Replies (2) \| Respond to of 71456

RE: "Inflation doesn't destroy saving?" No. Savings aren't destroyed. Savings are stolen. For example, you go to a bank and say, "I have accumulated enough wealth to meet my basic living needs for one month. I want you to store that wealth for me in case I need it to meet my basic living needs for one month 5 years from now.". If 5 years later the wealth you deposited is only enough to meet your basic living needs for half a month, half of it has been stolen. The other half wasn't "destroyed". It didn't cease to exist. It was taken by others and used for their own purposes; against your will, and without your consent.