The curse of cheap money

Skybird · 10-31-07, 06:25 PM

In plain English: Inflation.

I always thought that the trouble on the american mortgage market is only a first trembling, confirming that the major earthquake is still to come. The drastic growing of prices over here, and the obvious high public (=unhidden) inflation are two other warning signals.

http://www.spiegel.de/international/...514621,00.html

No shares I hold over here, not only for practical but also for moral reasons, the reserve I have put aside is in gold (the real thing, not just some stupid document saying it serves as a call option - if for any reason the trading of gold is blocked, that document helps you nothing).

The globe is becoming smaller, energy more precious, demands more vicious, readiness to wage wars for economical influence more determined, and the gap between the rich and the poor is widening fast, with few and fewer people becoming more and more rich, and more and more people having less and lesser. more wealth and power is accumulated in fewer hands. Communal systems are economically eroded, political systems corrupted, international finances messed up and in over-debts, and in many third world countries people are still breeding like crazy.

Nice future to head for. "PROXIMITY ALERT - COLLISION IS IMMINENT"

10-31-07, 06:25 PM	#1
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,624 Downloads: 10 Uploads: 0	The curse of cheap money In plain English: Inflation. I always thought that the trouble on the american mortgage market is only a first trembling, confirming that the major earthquake is still to come. The drastic growing of prices over here, and the obvious high public (=unhidden) inflation are two other warning signals. http://www.spiegel.de/international/...514621,00.html No shares I hold over here, not only for practical but also for moral reasons, the reserve I have put aside is in gold (the real thing, not just some stupid document saying it serves as a call option - if for any reason the trading of gold is blocked, that document helps you nothing). The globe is becoming smaller, energy more precious, demands more vicious, readiness to wage wars for economical influence more determined, and the gap between the rich and the poor is widening fast, with few and fewer people becoming more and more rich, and more and more people having less and lesser. more wealth and power is accumulated in fewer hands. Communal systems are economically eroded, political systems corrupted, international finances messed up and in over-debts, and in many third world countries people are still breeding like crazy. Nice future to head for. "PROXIMITY ALERT - COLLISION IS IMMINENT" __________________ If you feel nuts, consult an expert.