tag:blogger.com,1999:blog-5116360.post4672181309902633230..comments2024-01-18T23:26:37.310-08:00Comments on ORACULATIONS: Seppuku Without SwordHowardhttp://www.blogger.com/profile/17094289894120872270noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5116360.post-64032978532838656182008-10-10T06:11:00.000-07:002008-10-10T06:11:00.000-07:00Governments have been stealing the saved up wealth...Governments have been stealing the saved up wealth of productive citizens through debasement of fiat currency for decads. They just could not refrain from getting too greedy. Who knew that Europe halved the capital requirement for banks at the start of this worldwide real estate bubble? Did you? We've had a`NASDAQ bubble, a commodities bubble (oil from $40 to $150, sheeze)a real estate bubble (a twenty foot wide row house in Dublin going for $4 mil). I'll agree derivitives and swaps went crazy.<BR/><BR/>Still, you cannot guaranty everything, people forgot why there were limits to guaranties. I predict a currency collapse followed by a new Brenton Woods. Perhaps all major currencies will be backed by gold, with on demand convertability. Then there will be a true store of value. Too bad about all the current savings wiped out. You should have never trusted those elites in Washington and Brussels.Anonymousnoreply@blogger.com