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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (68900)	12/1/2010 1:07:34 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 217737

It seems a good idea to not have debt, thereby avoiding foreclosure. To protect oneself against deadbeat debtors it is also a good idea to not hold money. <Seriously how would suggest one protects themselves from the surging debt levels in the west ? How do you think that they shall be resolved.. > We can be sure that money will be diluted, robbing savers to save the impecunious, politicians, and their favourites. Resolution of such debts is easy [for governments] and consistently applied. - I have not followed my own long-standing rule in that regard for a whole decade, for one reason or another, while I waited for NZ$ to be at the right level. But my small proportion of rule breaking did enable some excellent opportunistic opportunities to be taken, so it was not a particularly bad thing. With QCOM dividends piling up, more of the damn stuff keeps accumulating too. Admittedly, if I had gold instead of QCOM, I would not be getting paid, so the problem wouldn't arise. But since US$ interest rates are 0%, I'm not paying tax on the cash which is good as it annoys the government. Avoid debt, spend money on useful things such as an Android phone, a nice cheap place to live, or some QCOM shares [when the price is right]. Mqurice