Indeed, taxation through inflation, get those retirees into some nice part time Walmart jobs with no health benefits, and then fine them for not having health benefits.
Indeed, on my short list to increase total net wealth percentage to an additional 5% to 15% more, in the near term. I know one guy who buys every quarter, regardless of price.
You know, that's a really tough one. I only put a small amount into PMs because there are too many variables with a draconian government such as this.
How about hyperinflation coupled with an executive order outlawing the ownership or gold or outlawing gold based transactions? I fully expect Obama to be cranking out executive orders, like the Fed prints money, during his second term. I'm an "L," by the way. I'm just looking at the general behavior of the Federal govt the past 3 years.
I would think a basket of useful commodities would be most valuable, but then again, ownership is based on the rule of law, which is losing traction on a daily basis.
Political connections seem to be the most valuable commodity in the near term, until the system collapses under its own weight.
Tough situation...have to "bend like a reed in the wind."
Amen.
ReplyDeleteBuy gold.
Sure you can print wealth. It's just worth less!
ReplyDeleteIndeed, taxation through inflation, get those retirees into some nice part time Walmart jobs with no health benefits, and then fine them for not having health benefits.
ReplyDeleteIndeed, on my short list to increase total net wealth percentage to an additional 5% to 15% more, in the near term. I know one guy who buys every quarter, regardless of price.
ReplyDeleteYou know, that's a really tough one. I only put a small amount into PMs because there are too many variables with a draconian government such as this.
ReplyDeleteHow about hyperinflation coupled with an executive order outlawing the ownership or gold or outlawing gold based transactions? I fully expect Obama to be cranking out executive orders, like the Fed prints money, during his second term. I'm an "L," by the way. I'm just looking at the general behavior of the Federal govt the past 3 years.
I would think a basket of useful commodities would be most valuable, but then again, ownership is based on the rule of law, which is losing traction on a daily basis.
Political connections seem to be the most valuable commodity in the near term, until the system collapses under its own weight.
Tough situation...have to "bend like a reed in the wind."