Comments on: Good Luck with Money

By: Biker Pete

Biker Pete — Fri, 03 Jul 2009 06:30:45 +0000

Well, Charles Dickens made the same point about Dough, you'll recall, Pete!

By: Pete

Pete — Fri, 03 Jul 2009 03:06:55 +0000

Biker: Re: Dough Casey "Regardless of what happens to the economy in general, if you do that as an individual, you will survive and prosper."

This would not always apply. Unless of course I am wrong, in which case i'm off to Zimbabwe to spread the good news.

By: Coffee Addict

Coffee Addict — Thu, 02 Jul 2009 23:30:55 +0000

Biker Pete. I'm not going to worry about the red inking of my small gold and energy portfolio today. As per your real estate portfolio, the key to many longer term investments is future dividends (rents). I think that Dan D could again re-emphasise this point in his D&D advice.

Cheers

By: Biker Pete

Biker Pete — Thu, 02 Jul 2009 22:29:03 +0000

Doug Casey, on The Greater Depression: "For those who stay in the U.S., the answer to the economy's problem is going to be the same as the answer to every individual's problem: you have to produce more than you consume and save the difference. Regardless of what happens to the economy in general, if you do that as an individual, you will survive and prosper. "

By: Coffee Addict

Coffee Addict — Thu, 02 Jul 2009 07:16:11 +0000

We could all sell our services to California for some IOUs. This could be fun until we try to negotiate any such instruments with a third party at face value.

Psuedo currencies issued by state/provincial government printing presses may become globally common. California is surfing the crest of this wave. Just a second ...... I recall a famous surfing tune ending with the words
W I P E - O U T !

By: Richo

Richo — Tue, 30 Jun 2009 05:46:06 +0000

The Ascent of Money is a TV series. Have been watching it on TV and just bought the DVD set.
Excellent because he explains the subtle but important points in laymans terms.
I studied economics and worked in finance for years, and am impressed how this information has been so well distilled into 6 episodes.