marlon menezes wrote:
> Unfortunately, I AM WITH Mario now, in that the new US administration is only
> stoking the fire with its excessive spending.
> One does not solve the problem of excessive debt by going into even more
> debt. All it is doing now is replacing private debt
> with govt debt. I'm putting my money into certain commodities, clean tech and
> non heavily export dependent economies like India.
Marlon,
No country, ever, has created wealth by printing more money while reducing
taxes.
I have plenty of $1 bets saying that the US exercise will end up exactly the
way the Zimbabwe experiment did.
Secondly, I am with you and all those who say that Obama (blessed be, his name)
is not the messiah.
His name says it all.
Lastly, near zero interest rates does not encourage people to save.
Without savings, there is no wealth.
Those who do not understand this will remain economically challenged. When the
official economic policy of a
country is to effectively discourage people from saving, all I have to say is,
"God bless the country."
Mervyn1650Lobo
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