Of course, not totally. In fact, everyone knows prudence dictates 6 mo - 1 year worth of cash in the bank as an emergency fund. But if haven’t noticed - Ben Bernanke doesn’t care about your savings, and has made every effort to reinforce this by introducing QE2 – the 2nd and quite audacious Federal Reserve quantitative easing program.

It’s kind of like VISA or Mastercard Ok’ing your credit card payments with the Monopoly money you found in the hallway closet. The problem is, every dollar of Monopoly money you use makes everyone else’s REAL money less real and more like monopoly money.
As it turns out China has the most real money out there. Whats more is they didn’t acquire it by perpetually taking out more credit cards. They built factories, power plants, cars, staplers, tools, and barbie dolls and traded all that stuff to us for OUR money. Ironically, the more of OUR money that gets supplied by Monopoly money the more expensive the stuff they make gets, and the less valuable OUR money becomes. Therefore they would much rather keep their valuable products than receive our worthless Monopoly money!
Long story short,don’t be left holding monopoly dollars when China no longer wants them. Trade them in now for useful products, cash flow producing assets, or inflation hedges like gold or silver. Cmon! Everybody is doing it.
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