Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See [View article]
"Ask yourself - could I quit my job tomorrow and move to anywhere and do anything? If the answer is yes you are a free man."
Unfortunately, this is not possible for any of us. Wherever your two feet land, someone claims ownership of the dirt under them. Worse, several 'authorities' - town, county, school district - claim taxing authority over that dirt. If you keep moving you are trespassing; if you stop moving you are squatting. Unless you have a nice pile of those 'worthless' greenbacks (or other local fiat currency, as applicable) you are simply hosed when it comes to 'moving anywhere'.
A nice commentary on this is Thoreau's 'Walden' from the mid-1800's. Worth a quiet weekend re-read.
"In the short run we are going to have to be selfsustaining, but we emerge US will emerge stronger. I advise everyone to buy Chinese stocks, bait and switch back at them. "
Would it not be safer to invest in US Food producers, farm equip makers and related issuers, with similar upsides?
Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See [View article]
Unfortunately, this is not possible for any of us. Wherever your two feet land, someone claims ownership of the dirt under them. Worse, several 'authorities' - town, county, school district - claim taxing authority over that dirt. If you keep moving you are trespassing; if you stop moving you are squatting. Unless you have a nice pile of those 'worthless' greenbacks (or other local fiat currency, as applicable) you are simply hosed when it comes to 'moving anywhere'.
A nice commentary on this is Thoreau's 'Walden' from the mid-1800's. Worth a quiet weekend re-read.
The Coming Dollar Deflation [View article]
Would it not be safer to invest in US Food producers, farm equip makers and related issuers, with similar upsides?
The Rise and Rise of the U.S. Dollar [View article]
Do they need an auction? Direct swap of Treasuries for the preferred shares seems do-able. They can sit in the bank vaults as recapitalization.