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Investment Analysis Clubs / Macro Economic Trends and Risks
|Subject: Re: My friend the jeweler called me||Date: 7/10/2013 6:45 PM|
|Author: desertdaveataol||Number: 428405 of 510792|
Thank you for recommending this post to our Best of feature.
So many takeaways in one post!
One thing I'm certain of is that if a country could print its way to prosperity, Weimar Germany would have ruled the wrold until Zimbabwe came along.
but I suspect the people with the most history of fiats gone bad are the far Easterners and they're stocking up on physical (as opposed to paper) bullion.
Maybe this time is different ( I love that saying) and Bernanke, et al will prove that a country, indeed most of the world can, indeed print its way to prosperity.....papering over, as it were, the sins of past malinvestments.
Gold is the currency of kings, silver is the currency of gentlemen, barter is the currency of peasants -- but debt is the currency of slaves.
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