The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 1 [View article]
read "America Alone" by Mark Steyn. while fiction, the story is full of facts that pertain to our current conflect.
On Mar 03 12:03 PM Malkiel wrote:
> It's amusing to see how dangerous a little knowledge can be. Wachtel > is a CPA, not to my knowledge an economist or political scientist, > so the judgement about "The Ayatollahs ... (correctly) view[ing] > Obama’s desire for “dialogue” as weakness," is typical right-wing > hot air without any substance, and the usual stereotyped complaint > "that the U.S. Government is planning to print a lot more dollars > in order to revive its banking system and its economy" ignores the > fact that the private banking system was "printing dollars" for decades > with its synthetic promissory notes, and now that all those fake > dollars have evaporated we are more likely to a have period of deflation > as real assets are sold off at fire sale prices to pay off debts. > Maybe the market can't bottom until all the Reagan babies on Wall > Street have their dogmas burned away by the new economic reality > and are ready to jump back into the market as it will be structured > in the new American social democracy under construction...
The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 1 [View article]
On Mar 03 12:03 PM Malkiel wrote:
> It's amusing to see how dangerous a little knowledge can be. Wachtel
> is a CPA, not to my knowledge an economist or political scientist,
> so the judgement about "The Ayatollahs ... (correctly) view[ing]
> Obama’s desire for “dialogue” as weakness," is typical right-wing
> hot air without any substance, and the usual stereotyped complaint
> "that the U.S. Government is planning to print a lot more dollars
> in order to revive its banking system and its economy" ignores the
> fact that the private banking system was "printing dollars" for decades
> with its synthetic promissory notes, and now that all those fake
> dollars have evaporated we are more likely to a have period of deflation
> as real assets are sold off at fire sale prices to pay off debts.
> Maybe the market can't bottom until all the Reagan babies on Wall
> Street have their dogmas burned away by the new economic reality
> and are ready to jump back into the market as it will be structured
> in the new American social democracy under construction...
The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 1 [View article]