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The Greatest Trade of All Time

Started by OldPoop, August 25, 2011, 08:51:40 am

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OldPoop

August 25, 2011, 08:51:40 am
I was impressed by this guy's ability to explain complex concepts in simple terms.  He claims that our trade deficit is "The greatest trade in U.S. history".  His two sentence next to last paragraph is the simplest most concise explanation of how hyperinflation takes off that I've read.

His term faith-based assets for fiat currency is now a permanent part of my lexicon.

http://www.sprott.com/Docs/MarketsataGlance/2011/0811%20The%20Greatest%20Trade%20of%20All%20Time.pdf
We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens my act only by permission.   Ayn Rand

You get what you pay for.   You pay for zombies, you get all you want – and then some. 
Milton Friedman
"To say the government is the source of prosperity is like saying that the ticks are keeping the dog alive."  Jeff Tucker
Government attracts sociopaths the way an open bar attracts alcoholics.      Doug Casey
War - the government tells you who the bad guy is . . . . . Revolution - you figure it out for yourself.
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