Tuesday, June 12, 2012
The world has taken quite a wobble in the past few years and the most significant truth I've found is that is that most of my neighbors are so uninformed as to assume that their 10% CD's are going to offset the loss of their real wealth by 18 % inflation. Not to say that an increased money supply would not help if it was introduced from the bottom of the pyramid; but it is coming only to the top and they are just salting it away to UBS in Zurich and The Bank of Israel in Tel Aviv. And Barack Obama is completely aware of this and is selling the shekel market to the Americans. BO is the greatest actor of all time and should face the gallows.