People also can't see that governments worldwide are reducing the value of their currencies and hence the value of cash that the population holds is also be eroded. The last few years of QE and ZIRP will continue globally and what most don't realize is the impact this has on their purchasing power.
Of course, the worst affected are those who work hand-to-mouth i.e. own no assets but have to work to pay for their rent, food etc. Those with assets can ride the currency war wave to some extent, such as those who have invested in assets of any kind - stock markets, property being prime examples.
Ultimately governments are stealing your money from you without you even realizing. 'Paper' money is ultimately worth less and less (....worthless) because it isn't back by anything since the peg to gold was abolished in the 1970s. All un-backed currencies have failed throughout history because, guess what, they have no value apart from what the holder is prepared to entrust to them.
The only thing that will hold and gain value over generations, time and time again, is property - or rather, the land under that property. Yes, of course governments can take that from you too, as they can with anything, but it won't be until they have plundered your cash (though erosion and then a 'haircut' on your bank accounts) and taken your gold first.
Anyone I digress. Must go and get some lunch, seeing as the wife is calling for me (it's one of my chill out days today).
Of course, the worst affected are those who work hand-to-mouth i.e. own no assets but have to work to pay for their rent, food etc. Those with assets can ride the currency war wave to some extent, such as those who have invested in assets of any kind - stock markets, property being prime examples.
Ultimately governments are stealing your money from you without you even realizing. 'Paper' money is ultimately worth less and less (....worthless) because it isn't back by anything since the peg to gold was abolished in the 1970s. All un-backed currencies have failed throughout history because, guess what, they have no value apart from what the holder is prepared to entrust to them.
The only thing that will hold and gain value over generations, time and time again, is property - or rather, the land under that property. Yes, of course governments can take that from you too, as they can with anything, but it won't be until they have plundered your cash (though erosion and then a 'haircut' on your bank accounts) and taken your gold first.
Anyone I digress. Must go and get some lunch, seeing as the wife is calling for me (it's one of my chill out days today).
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