Mr Bo (pic) says that the Feng Suy is against us. Friday the NASDAQ lost 2 - 3% in an ordered way, without panic, which any technician knows, means that we are in trouble. World economy appears sickly and its health is not improving. America (the Fed) will continue to print dollars. This will put the world at a disadvantage since nobody else has this kind of monetary leverage. The moment there is a reasonable alternative to the dollar, everybody will abandon it and the dollar will be worth a shload of nothing. In Israel the TASE is having a very bad day. Only the gas and oil sector (we have one!) is prospering, as new discoveries show we may be a new Norway.
6 comments:
It's like democracy - the dollar is the worst possible currency except for all the others.
K
Time being.
The world is searching for a new store of value.
Anon.
Definitely. What may it be?
May be there is none. How stored wealth the Neanderthal people? How stored wealth nomadic people?
Historically, we Jews stored wealth in education. Knowledge is the true wealth, it is the best one can give to one's children. Health, good habits and education.
The rest is illusory.
Historically, we Jews stored wealth in education. Knowledge is the true wealth, it is the best one can give to one's children. Health, good habits and education.
The one other thing the Jews wanted to give their children was a homeland, which they have done.
Personally, as a store of value and as a hedge against adversity, I collect airline sickbags.
Of course, they must be scarcely used, generally in good condition, and preferably festooned with some exotic livery from a bankrupt third world country.
The Air Zimbabwe 1987 sickbag is the jewel of my collection.
On my passing, I have willed the whole thing to the British Museum, as a gift to my people.
Anon.
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