And the coming super inflation.
Is cash a good idea?
As Marx, in his book 'Das Cipatal', said: As the amount of money increases within
a population so also will the price of everything unless there is an increased
number of products so the person can buy more.
Should there be a war which prevents the arrival of consumer products from the Far East, there will be little for people to spend the money they already possess on and in consequence, the price of what is available will have to sky-rocket.
(However, commercial property prices are likely to collapse because all businesses which depend for their profit, either directly or indirectly, on the importation of consumer items from the Far East, will be bankrupted.)
---March 22, 2011---
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