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re: The Time Table for the Dollar
Posted on 12/3/12 at 4:13 pm to TheHiddenFlask
Posted on 12/3/12 at 4:13 pm to TheHiddenFlask
Well i am anti-fed but i dont know if im doing any good by placing all my savings in foreign resources. Also i never said this would collapse our country. The government would take care of themselves no matter if its getting bigger or not.
Posted on 12/3/12 at 4:28 pm to slutiger5
quote:
Well i am anti-fed
You are most likely not in the group of "lunatics" I was speaking about. I'm willing to bet that you have very litle idea of what the fed actually does. The lunatics are the ones who get it and still think that shutting the fed down wouldn't be the end of this country.
quote:
i dont know if im doing any good by placing all my savings in foreign resources
I'm a big advocate of holding foreign assets. 25% of my 401k is invested in foreign assets.
quote:
Also i never said this would collapse our country
I don't think I inferred that you did.
quote:
The government would take care of themselves no matter if its getting bigger or not.
This sentence made no sense in the context of everything else you said.
Posted on 12/3/12 at 4:35 pm to slutiger5
quote:
Well i am anti-fed
Why? I'm assuming you think they are just printing money everywhere, right? You know the dollar is actually worth more now than it was before the start of the QE programs?
quote:
but i dont know if im doing any good by placing all my savings in foreign resources.
Depends on the foreign resources. The strongest real returns the next couple decades are going to come from emerging markets. Foreign isn't bad it just depends on what "foreign" you're speaking of and what type of resources.
quote:
Also i never said this would collapse our country. The government would take care of themselves no matter if its getting bigger or not.
People really need to understand what the pre-existing conditions must be for a country to collapse. These are unsustainable debt, very weak worldwide political influence (defense included here), widespread corruption, fiscal and monetary transmission mechanisms being completely broken, and revolution from the working class.
The only condition met is unsustainable debt. Some radicals will try to say some of the other criteria are met, but they aren't even close. Do we have corruption? Of course, everywhere does. But it's nowhere near actual widespread corruption. The closest country to collapsing right now is Greece because they meet all these criteria.
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