You might try holding Yuan. Personally, I am buying condos in Medellín, Colombia. My dollars are buying 50% more than 2 years ago (a bottle of beer cost me 40 cents and the Chateaubriand cost $6), but housing prices went up 10% in the past year So, I am getting an effective discount of 35% from the prices of 2 years ago. Obama is planning another fiasco where banks have to buy subprime mortgages in order to distribute US classes and races such that they each neighborhood will be representative of a highly diversified USA. The banks will either find a way to pass the risk to someone else or simply quit the mortgage business. I don't actually know anyone who wants to live in a diverse neighborhood, but good luck to them. My Spanish is becoming more fluent by the day, and I blend in rather well with the Colombians who are very white in Medellín.
Never buy anything that is based on the credit worthiness of Greece, and especially do not ever lend Greece money. If you do, just consider it to be a gift which it is in reality. Ignore any financial information you receive about Greece. It is meaningless.
If the power (value) of money were down by a factor of 100, then things would cost 100 times as much. Then your $1 1970 breakfast would cost $100 today.
In 1967 I bought 64K of computer memory for $80,000 dollars. Today that amount of memory costs well under 1 penny. So money must have gone up in value over 8 million times in the past 50 years.
If you want silver, you can go to Potosi in Bolivia where there is a silver mine. You can buy a section and work there mining silver all you want. I hired a guide to help me mine silver in a section reserved for tourists. First, we bought dynamite, detonators and fuses. We also bought coca leaves to chew because it alleviates problems with the altitude at 8,000 feet and the air in the mine which you could cut with a knife. There are 300 levels in the mine. You drill a hole in a wall and insert a stick of dynamite. Since I had never used dynamite before, I was glad to have the guide who taught me to use it. After blowing away a section of the wall, we would load a cart with the dirt and push it along a track to the surface where the dirt was processed in a machine that separated the dirt from hard objects like silver nuggets and gravel. The section where I was working was probably reserved for tourists because all the silver had already been extracted there. I worked all day and came up empty handed. The miners live short lives due to all the dust they breathe. But, most owned hummers because they made a lot of money when silver prices spiked sometime before 2008 when I tried my hand at it.
I am sure CNN would be able to describe the miners as victims, but they are there of their own accord because they are happy with their earnings. It is highly unhealthy, however.
If you want dollars, then flip burgers.
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The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
You might try holding Yuan. Personally, I am buying condos in Medellín, Colombia. My dollars are buying 50% more than 2 years ago (a bottle of beer cost me 40 cents and the Chateaubriand cost $6), but housing prices went up 10% in the past year So, I am getting an effective discount of 35% from the prices of 2 years ago. Obama is planning another fiasco where banks have to buy subprime mortgages in order to distribute US classes and races such that they each neighborhood will be representative of a highly diversified USA. The banks will either find a way to pass the risk to someone else or simply quit the mortgage business. I don't actually know anyone who wants to live in a diverse neighborhood, but good luck to them. My Spanish is becoming more fluent by the day, and I blend in rather well with the Colombians who are very white in Medellín.
The Simple Math Behind Greece’s Complicated Situation
Never buy anything that is based on the credit worthiness of Greece, and especially do not ever lend Greece money. If you do, just consider it to be a gift which it is in reality. Ignore any financial information you receive about Greece. It is meaningless.
We Don’t Have A Wage Problem; We Have A Money Problem
If the power (value) of money were down by a factor of 100, then things would cost 100 times as much. Then your $1 1970 breakfast would cost $100 today.
In 1967 I bought 64K of computer memory for $80,000 dollars. Today that amount of memory costs well under 1 penny. So money must have gone up in value over 8 million times in the past 50 years.
We Don’t Have A Wage Problem; We Have A Money Problem
If you want silver, you can go to Potosi in Bolivia where there is a silver mine. You can buy a section and work there mining silver all you want. I hired a guide to help me mine silver in a section reserved for tourists. First, we bought dynamite, detonators and fuses. We also bought coca leaves to chew because it alleviates problems with the altitude at 8,000 feet and the air in the mine which you could cut with a knife. There are 300 levels in the mine. You drill a hole in a wall and insert a stick of dynamite. Since I had never used dynamite before, I was glad to have the guide who taught me to use it. After blowing away a section of the wall, we would load a cart with the dirt and push it along a track to the surface where the dirt was processed in a machine that separated the dirt from hard objects like silver nuggets and gravel. The section where I was working was probably reserved for tourists because all the silver had already been extracted there. I worked all day and came up empty handed. The miners live short lives due to all the dust they breathe. But, most owned hummers because they made a lot of money when silver prices spiked sometime before 2008 when I tried my hand at it. I am sure CNN would be able to describe the miners as victims, but they are there of their own accord because they are happy with their earnings. It is highly unhealthy, however. If you want dollars, then flip burgers.