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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (340926)	1/1/2010 6:08:51 PM
From: skinowski	5 Recommendations Respond to of 793955

our grandkids will inherit the debt after we are gone Possibly... but more likely it will get wiped out through either default or hyperinflation - either one of which would be a financially catastrophic event. Unrestrained accumulation of debt which will never get paid off is, imho, criminal insanity. Our political classes have lost their minds.

To: unclewest who wrote (340926)	1/1/2010 7:38:51 PM
From: KLP	Respond to of 793955

Hubby searched out and bought the book below....I'm going to read it after he is finished....Looks like it is very helpful in really understanding what has happened since Nixon took us off the gold standard. Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future (Paperback) amazon.com My own notes: Store of value vs printed paper pg 60-63 Charts showing 1996-2008 comparisons --Medium of exchange Money vs currency Currency is a medium of exchange Money is a store of value i.e. Money is in hard assets/store of value vs. currency is printed Compares DOW in Dollars Compares DOW in Gold Compares DOW in Commodities Compares DOW in Agricultural Products Compares DOW in Crude Oil *Compares DOW in Industrial Metals