On Wed, 13 Apr 2011 10:44:12 -0700 (PDT), Too_Many_Tools
wrote:

On Apr 12, 2:03*pm, F. George McDuffee gmcduf...@mcduffee-
associates.us wrote:
On Mon, 11 Apr 2011 10:32:10 -0700 (PDT), Too_Many_Tools

wrote:
One trend I have seen though several economic cycles is that quality
tools are a better investment than gold with holding their value,
appreciating and ability to convert into cash when needed.

Your thoughts on this curious trend?

TMT

============

IMSHO what we are currently seeing is not a "normal"
economic cycle at all, but rather the partial end result of
several foundational economic changes, i.e. there is more
and "better" to come. *

For example this appears to be a jobless "recovery," with
much of the so-called improvements resulting only from
dollar manipulation/creation by the FRB and massive
governmental deficits at all levels. *The last bubbles, real
estate and stocks/derivatives popped when "financial
engineering" met reality and the "assets" had to be
revalued. *When the US Dollar and governmental debt faces
the same test, i.e. "put up or shut up," another and far
more serious collapse will occur, with no one available [or
willing] to bail us out, even in the short term.

Thus while tools of all kinds may be valuable, both for use
and trade, a reasonable supply of firearms and ammunition
will be required to retain the tools, food, fuel, and other
emergency supplies, precious metals and trade goods you may
accumulate. *As is generally the case, the most likely
thieves are the government at all levels ala New Orleans
where they were stealing from each other [generators, fuel
supplies, radio transmission towers, etc.] in addition to
confiscating all the guns they could lay their hands on.

-- Unka George *(George McDuffee)
..............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).

The "stealing" that you are referring to is where the agencies that
were trying to help had no supplies.

Because of George Bush.

TMT
===========

That is exactly the problem, except that W is long gone.
"I'm from the government and I'm here to help you -- now
where did you hide everything I need?" is more than a punch
line to an old joke.




-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).