Let’s be honest
The wealth spent building all these commercial properties, all these luxurious resorts, nice cars, expensive perfumes, amazing hotels, is lost once for good
Why?
Because they are useless, nobody live there, work there, drive them ... it is over!
All the financial products based on these goods are dead or zombies. Nothing will revive them. It is over.
Someone has to loose wealth on these investments
There is nothing you can do against that.
if the investor is protected by a bank, the bank lose
if the bank is protected by an insurance, the insurance lose
if the insurance is protected by the central bank, the central bank lose
if the central bank is protected by the treasury the treasury lose
The treasury can either print money or increase taxes (or both like in UK) this reduces the wealth of the taxpayer in both ways
So whatever is happening from now, if you are not trading you lose.
Tuesday, 7 April 2009
Subscribe to:
Post Comments (Atom)
you forget the chinese,buddy ;-) !!!
ReplyDeletethey love vuitton and mercedes ;)