dollarBosco D'Mello wrote:
> Yesterday I ran into:
> http://www.time.com/time/magazine/article/0,9171,1725094,00.html
> This article purports to educate what Goans saddled with stacks of
> greenbacks ought to do with their USDees!! 'Goans in pain' could possibly do
> well by being astute 'Goans at the Garage Sale".
Bosco,
The link you provided above leads to an article that only re-hashes whats been
known for some years. The US has weathered storms like this before. What is
different this time, is that the US is printing money like there is no
tomorrow, effectively debauching its own currency. The author of the article
cannot tell you this as the current US administration stopped publishing the
numbers on how much money it is printing.
Money, like everything else, is only valuable when it is in short supply. If
anyone is holding or getting paid in US dollars, s/he had better do some
research on whether s/he still wants to hold a currency that is increasing in
supply. The dollar is depreciating so rapidly that even oil rich nations are
abandoning the US dollar and are starting to hold their reserves in other
currencies. I hope the Goan saver takes note of what is happening and makes the
appropriate move.
Mervyn3.0
PS. As for me, I am polishing my knowledge on US foreclosure laws. There is
going to be a lot of bargains coming up in the next year to eighteen months.
With foreclosure properties, you can often pay a few cents for something that
costs a dollar.
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