Thursday, October 15, 2009

The Virginian: Protection against hyper-inflation

The Virginian: Protection against hyper-inflation: "The most cautious, conservative people are hurt worst. People who keep their money in cash or in checking accounts can be wiped out as currency becomes worthless. Pensioners are next since most pensions are not tied to inflation. Bond holders are next as bond values evaporate.

Who is the beneficiary of hyper-inflation? People who are in debt have their debts essentially erased by hyper-inflation. Of course the biggest debtor in this country is the US government who can magically erase its debt through hyper-inflation.

But what about the ordinary middle class American who has a home, a 401k, a modest savings or investment account? Well “real” assets like natural resources (including gold) will keep up with inflation. So will real estate."

Thursday, October 8, 2009

Toy Whimsy: You Can Move Things With the Power of Your Mind!

Toy Whimsy: You Can Move Things With the Power of Your Mind!: "I just love this! In a few more years we'll be able to...remember we had this kind of technology but don't have the money to buy it."

And that is the problem.