I look at them with pity, as the answer is simplicity itself; they literally run out of money because money is being lost so fast!
August 26th, 2008 | Mogambo Guru | 4 comments | ContinuedAll Posts Tagged With: "money"
The Major Difference Between Rome and the U.S. – Electronic Transfers
Now we will ask you a question, dear reader: What is an electronic transfer? Or, in an electronic transfer, what is transferred? “Electrons,” you will answer. Or perhaps “information.” Or a “symbol of wealth”…something that represents money.
April 30th, 2008 | Bill Bonner | 2 comments | Continued
When Elected Officials Run Out of Money – Trouble Follows
Yesterday was a big day in Italy - 63 years ago. That was the day that Mussolini was shot, along with his mistress. They were hung upside down in Milan. What went wrong with Benito? “What always seemed to go wrong,” said our guide on Sunday, “was that they ran out of money.”
April 30th, 2008 | Bill Bonner | 0 comments | Continued
Investors Might Lose 30% in Purchasing Power Over the Decade Ahead
The real problem in today’s capital markets is not that the machinery of capitalism is broken, but that it’s working. And that is what the reformers aim to stop. They want to ‘fix’ the markets… like you would ‘fix’ a stray cat - so it couldn’t have kittens. What they really want is to neuter the market…spay it, so it is a cuddly pet, but one that doesn’t give you any trouble.
April 1st, 2008 | Bill Bonner | 1 comment | Continued
The Supply Theory of Money is Simple Enough
Right now, a lot of money is disappearing. House prices are falling. Stocks all over the world are going down. Many financial assets - specialized derivative contracts and junk bonds - are getting hammered. The amounts of “implied” wealth lost are enormous. Worldwide stock market capitalization may be down about $5 trillion.
March 20th, 2008 | Bill Bonner | 1 comment | Continued
Borrowing to Get a Better Bargain
A reader of Agora Financial’s 5-Minute Forecast wrote, “You spend a lot of time talking about the loss of purchasing power of the dollar - and rightly so. Therefore, I fail to see the problem with anyone spending dollars as quickly as possible and incurring debt. That dollar spent today will be worth less, if not worthless, tomorrow, and the dollar repaid will be of lower value than the dollar borrowed. Can’t have the argument both ways.”
March 18th, 2008 | Mogambo Guru | 1 comment | Continued
With This Inflation, How Long Will You Have to Invest Before You Get Your Money Back?
Investing for the long-term is all well and good, but the Mogambo sees a problem… When inflation continues to eat away at the value of your money, investing for the long-term isn’t really that much different than investing for the short term now. Read on…
February 26th, 2008 | Mogambo Guru | 0 comments | Continued
What Should You Do With Your Money Now? Find Out What the World Wants Most of Right Now
Today we are feeling positive… helpful… almost earnest. We offer some buy-side advice.
February 22nd, 2008 | Bill Bonner | 0 comments | Continued