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Financial News & Stocks The Stock Stop! Discuss financial news, stocks, and any other economic related issues here. They do NOT have to relate directly to trucking.

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Old 10.12.2009
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Your dollars are just Monopoly money

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This week's column is going to be a little different, as I'd like to discuss human nature and the paper we call money from a slightly different perspective.

was recently thinking about what has transpired in this country in the past decade: first the equity bubble, then the real estate/credit bubble and the steady debasement of the dollar (where a trickle of trouble threatens to turn into a flood).

I have been struck by how few people seem to understand how all these events are related -- in that, at the root, they each have the irresponsible printing of money as the cause. (The sociological and psychological phenomena that go with that -- e.g., the regulators not doing their job -- are just part of the process.)
Each problem led to the next, and one year ago the financial system was bailed out at the risk of the country ultimately enduring a funding crisis.
One fact that strikes me is how few people seem to have been able to protect themselves from the first two (even though they were so obvious) and how so few will be able to save themselves from this third, huge problem.
http://articles.moneycentral.msn.com...oly-money.aspx
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Old 10.12.2009
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I have heard that the real plan is to eliminate currency and everyone will be
issued some type of government credit card.That way it will be easier for the
IRS to collect taxes and keep track of what people spend their money on.If
you dont have the card you cant buy or sell anything.
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Old 10.12.2009
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Your dollars are just Monopoly money
Well I suppose I can pay them with this then.....
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Old 10.12.2009
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At the time of publication, Bill Fleckenstein owned gold bullion and gold futures.

Imagine that??

I own gold, I publish article saying gold is going higher, wow, whodathunkit?
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