Folks, whether you like it or not, most countries in the world are
using, basically, the same monetary system, the same central bank
system (all integrated with other central banks), and printable money.
Please, on your own, read a few books on banking and economic history.
Even hundreds of years ago, kings/emperors had the problem of raising
money either to fight wars or defend against them. Fractional reserve
banking (which causes inflation) has been around since before
Columbus. All kinds of frauds, whether by individuals or whole
governments, have been around for all this time. I'm still waiting for
people to understand that all countries print money. All countries
manipulate their currency, trade policies, carry out economic warfare
either openly or clandestinely, etc., and there are no simple answers
or solutions for this.
But, you guys will do yourself a favor if you buy a house when prices
are down. All that "bad" inflation will make that house more valuable
(about double every ten years), so you pay off the loan with cheaper
dollars, and get more money back when you sell the house. All balances
out unless there is a "storm" in the economy.
Just for the record, I saw in "The Economist" recent issue a graph
that showed that the money supply in all developing countries is/was
expanding at a rate 2-3 times greater than in the developed countries.
This is why they are seeing inflation coming now.
I would not worry about gold. You can't buy hamburgers with gold and
you can't pay the rent with gold either. You have to convert first.
--------------------------
On Apr 12, 11:21 pm, visualseep...@[EMAIL PROTECTED]
wrote:
> US is desperate to stop the rise in gold prices. Gold is an indicator
> of the declining value of the dollar. So the US has got the IMF to
> get it to sell its gold reserves hoping to depress gold prices.
>
> But this scam of trying to mask the declining value of the US dollar
> won't work for long. Countries and investors already know that
> american debt is going to be repaid by watering down the dollar's
> value further. There is no other plan to repay the debt.
>
> The baby boomers in the US who are getting ready to retire with their
> nest egg in dollars are about to get screwed. Most of them are not
> intelligent enough to realise that the ever increasing money supply
> will make their govt handouts like pension/social security..etc worth
> a lot less. They think the gravy train is on the way.
>
> -------------------
>
> Chavez says Venezuela could afford to buy some of IMF's gold reserves
>
> http://tinyurl.com/3zmvk2
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