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| | #2 (permalink) |
| Senior Member Join Date: Mar 2007
Posts: 634
| Of course, NOW the Japanese Yen is stronger! (when I was working in Tokyo, exchanging my Yen to $ was painful). I think I read somewhere that Robert Kiyosaki (of Rich Dad Poor Dad fame) keeps his investments in gold and a variety of other currencies. |
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| | #6 (permalink) |
| Junior Member Join Date: Jun 2008
Posts: 10
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Although I am not an economist, I recently began researching The Federal Reserve, and the FIAT money system in use by the world today; or perhaps it would be best described as a global game of Monopoly (as in the Parker Brothers game). If ever there was a house of cards teetering on the brink of collapse, I don't know what is. Money is not backed by anything, and they literally just print as much as they want. It is all based on debt, the more money they can loan, then the more money they have to lend to someone else. They created this system to finance a faster rate of growth, but I do not see how this structure can be sustainable. Now that the middle and lower classes are being squeezed by inflation and escalating commodity prices, the wheels of commerce are coming off the track. I hope I'm wrong, but I foresee bad times ahead. |
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| | #8 (permalink) |
| Master Join Date: Oct 2006 Location: Las Vegas, NV
Posts: 5,988
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Investing in human beings works best for me. I don't worry about what happens to the economy, my cash, or the value of my home. As long as there are people to help, there's plenty of wealth to be created and shared. Helping people = abundance. |
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| | #14 (permalink) | |
| Junior Member Join Date: Jun 2008
Posts: 10
| Quote:
I can not help but wonder if the people dying of hunger and thirst in Myanmar, Africa and elsewhere feel that same sense of security. | |
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| | #15 (permalink) | |
| Family Member Join Date: Dec 2006 Location: Texas, USA
Posts: 3,709
| Quote:
And, it's not really a sense of security, because I don't believe security exists. I guess that's why I can take this position. Because I don't pretend that that couldn't be me in an instant. I don't base my wealth on material things and I am not scared to die or suffer. I don't pretend that anyone else should feel the same as me. But I don't think it's wrong of me to feel this way. It doesn't mean I don't feel sympathy for what those people are going through. It doesn't mean I think they are wrong not to share my feelings. | |
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| | #16 (permalink) | |
| Senior Member Join Date: Jan 2008 Location: Minnesota
Posts: 591
| Quote:
And, I ask those who say they don't take that position, how do you know? Have you asked? A friend of mine adopted a baby from Vietnam. She was in a very poor, poverty-ridden city. She was greeted with love and kindness and smiles upon smiles as the people walked around barefoot among their shacks. So how does one know that those "suffering" (by who's definition) DON'T take that stance??? They view life entirely different than we do from our comfy, atrociously large homes. | |
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| | #17 (permalink) | |
| Family Member Join Date: Dec 2006 Location: Texas, USA
Posts: 3,709
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| | #18 (permalink) | |
| Junior Member Join Date: Jun 2008
Posts: 10
| Quote:
That was well answered {aspiring_ I did not mean to imply any insensitivity on your part towards those of the world which are truly suffering. I should have said .. It is difficult for me to contemplate what I would or would not do in difficult times. Having never been truly hungry, I can not imagine struggling to find food. And like you, I do not fear death or the loss of material things, but such situations are easier to reflect on from a distance. | |
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| | #19 (permalink) | |
| Family Member Join Date: Dec 2006 Location: Texas, USA
Posts: 3,709
| Quote:
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