Jan 28
I suggest getting out of the US dollar as soon as you can.
Update: From Augest 2008 to May 2009 the monetary base has more than doubled!
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I suggest getting out of the US dollar as soon as you can.
Update: From Augest 2008 to May 2009 the monetary base has more than doubled!
February 12th, 2009 at 5:36 pm
70% since October?! Doesn’t anybody remember Germany after the first World War?!
February 19th, 2009 at 10:38 pm
Looking good Dave. I think if the dollar collapses in that dramatic of a way all other currency will follow and if that happens, food and water will be the only currency. Imagine going to the grocery store with a block of gold, what they would be able to do with it; it would be as useless as any other rock. What if you showed up with a gallon of gas or a chain saw or even a bicycle, that would have value but gold won’t feed anyone. I think we will see wide scale devaluation but not a complete collapse. I wonder if the gold standard would still work in 2020 with GDP’s growing a sane and nominal rates the supply of gold would not allow for reasonable growth without some index (percentage) of either gold or another commodity. These are just my jumbled thoughts. Good to see you are well. Your friend Jim
February 20th, 2009 at 2:13 pm
Hey Jim,
I think that any real asset will be the best to have. But I think that Gold and Silver will still work and be used as a medium of exchange at that point. I hope you are doing well. What do you think about real estate though? I feel that the market wants to bring prices down but the government is interfering and are pushing prices up with the devaluation of the currency. I don’t know if it is a good idea for us right now just because our only source of income is a type of business that may or may not survive.
March 26th, 2009 at 2:32 am
I was autimatically linked by Microsoft to this blog.
How does it work ? I wonder.
greetings and GOD BLESS,
pepe.