"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of the voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." - Ludwig von Mises
Tuesday, June 15, 2010
Protecting Wealth in Titanic Britain
If you're wondering what to do about the increasing geo-political tensions, tanking currencies, insolvent banks, economic downturn, government debt and so on below is a very good introduction to gold:
alex, UBS is bust because they are short of cash. deflation has returned to the USA. Japan has issued money for 15 years and yet inflation is still dead there. It is now spreading out around the world.
Fear I understand. But fear can work either way. And very quickly. Sell your gold. Take a profit.
You know, I honestly couldn't have slept tonight if I hadn't read that...ZZZZZZZZZZZ.
ReplyDeleteThis isn't the Holywood channel - you don't have to watch anything you don't want to..
ReplyDeletealex, UBS is bust because they are short of cash. deflation has returned to the USA. Japan has issued money for 15 years and yet inflation is still dead there. It is now spreading out around the world.
ReplyDeleteFear I understand. But fear can work either way. And very quickly. Sell your gold. Take a profit.