----- Original Message ----- From: "Ricardo Aráoz" <[EMAIL PROTECTED]> To: "ProFox Email List" <[email protected]> Sent: Monday, December 01, 2008 5:52 PM Subject: Re: [OT] How to determine if a market has hit THE bottom.
Nicholas Geti wrote: > ----- Original Message ----- > From: "Ricardo Aráoz" <[EMAIL PROTECTED]> > To: "ProFox Email List" <[email protected]> > Sent: Friday, November 28, 2008 5:47 PM > Subject: Re: [OT] How to determine if a market has hit THE bottom. > > > >> Nicholas Geti wrote: >> >>> Governments can never go bankrupt. They just print more money. >>> >>> >>> >> Besides which we should correct a concept here. If govt. prints money >> (inflation) it is not the rich who'll pay the party, they will certainly >> not have their money in cash, and what they have they will convert fast. >> It is the poor bloke who'll pay, 100% of what he earns will be paying >> the inflation tax (yes, it is a tax) while maybe only 5% of what a rich >> bloke makes will pay that tax (same as what happens with VAT). >> >> > Ricardo, you need to understand the concept of money. It is irrelevant > whether the rich have their worth in cash or other instruments. It is > still > "money" and is directly affected by inflation; everything they buy > including > other investment instruments will go up in price. > > Don't quite get your point.If I have gold and my neighbour has dollars worth the same value, and come inflation for dollars, with what I have I can get more goods than my neighbour. You can exchange the gold for any other "real" thing (houses, cars, actions). If I'm rich I have a much bigger percentage of my worth in "real things" than a poor guy, and I have the means to wait till the appropriate moment to buy or sell. So obviously the poor lad will be buggered. No, No. The price of gold will also fluctuate tending to keep all the items in your example at the same relative value. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
