N8N wrote:
On Aug 8, 3:16 pm, aemeijers wrote:
AZ Nomad wrote:
On Sat, 08 Aug 2009 11:30:48 -0400, aemeijers
wrote:
AZ Nomad wrote:
On Sat, 8 Aug 2009 10:44:57 -0400, Ed Pawlowski
wrote:

"George" wrote in message
It was just a comment on typical liberal thinking who can't
seem to describe where the money comes from so they need to use
a metaphor like "we found it".
They found it in our pockets

as opposed to? Do anybody really need it explained that govt.
either taxes or borrows?

Well, lately, they are doing the electronic equivalent of just
running the printing presses. And the world is noticing- the
exchange rates

That would be an improvement over the insane borrowing. Both devalue
the money, but the latter requires payback.

I predicted raging inflation a decade ago; how else can the U.S.
deal with the ten trillion dollar debt? Made it worth the
equivelent of 100 billion!

Remember that when your retirement plan sends you a check based on
what money is worth today, and a loaf of bread is fifty bucks....

If you're investing in stock, especially foreign stocks, that should
actually work out OK for you.

If you have some other kind of plan... well...


Careful, living on the Right Side of The Pond, I invested on the Left Side
as I thought that the £ was on the way down internationally (as it was). My
original investments on the Left Side were doing well until the crunch. I
had too much in banks, Lehman in particular. That one cost me more than an
average new auto.