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overtheedge
Member since May 2012
680 commentaries
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has posted a comment on the article :
Wide World of Horrible Headlines
- Andy Hoffman -
Miles Franklin
"However, when this catastrophic game ends, the “rich” will be defined much differently; i.e., by how much “paper wealth” they traded for real items of value, such as PHYSICAL gold and silver."
And how little debt the newly defined "rich" carry.
Current paper assets might more than cover current debt loads, but when the reset occurs, asset valuations will plummet when everyone attempts to unload at the same time to a rapidly dwindling number of financially capable and willing buyers.
Now factor in the vast number of businesses that depend solely on the customer's disposable income for its existence.
Let me know how it works out for the owner and the employees.
Now couple that with what will be declining quantities of available PMs that will rapidly escalate in price.
But hey, it appears to be common practice to wait until one asset group goes in the toilet before the average investor sells and other assets must really catch fire before those same investors will buy. Buying high and selling low must be some sort of a religious ritual because so many do it on a regular basis.
We could both be wrong. Everything might turn out just fine. I've only been concerned about this since the first Arab Oil Embargo and so far, so good.
The wizards keep spinning their spells. No cold pricklies in sight, just warm fuzzy puppies for everyone.
What do you reckon the term, "cold hard cash" really means?
Either you will already have it or you won't.
Austerity doesn't just mean severe in manner or hard. It also means rigorously self-disciplined and/or without excess, luxury or ease.
And there are many degrees of austerity, from somewhat to severe.
What would be the silver bullion equivalence of a night out on the town?
Or a family of four at Mickey-Dees?
How about the gold bullion equivalency of a week in Aspen?
Either you will already have it or you won't.
Commented
3733 days ago
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Beginning of the headline :
As any homeowner knows, sometimes the need to “housekeep” grows too overbearing to ignore. In other words, when dust overruns one’s bedroom, kitchen and office, it must be addressed. As is the case with “horrible headlines” in the economic world; which globally speaking, are accumulating at an accelerating rate. Under the Miles Franklin Blog’s newformat, the day-to-day noise tends to be less focused on than in the past. However, the cumulative impact of such news – from East to West, North to...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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ferzi
- 20/04/2013 à 20:03 GMT
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