|
| There has been a lot of talk (quietly) in the government of forcing pensions, IRAs, and 401K/403B plans into purchasing treasuries. Therefore, your IRA would be required to hold a certain % of Treasuries to be a viable IRA. Now it's still your money, but then again is it?
They can confiscate wealth by printing money. The printing of money thus devalues any asset you own and thus confiscate that value through currency manipulation.
I thought it was also a nice article in relation to farming in that farmers produce real capital. Growing a crop adds wealth to a nation, so does producing a car, building a computer,etc. Those in the service industry (while necessary) are merely moving $s around. The problem lies in that by offshoring jobs (both Dems and Repubs are doing/allowing it no matter what they say) the capital formation is being moved from the US to other countries.
If we want to recover from this economic disaster long term we need to produce tangible capital wealth.
| |
|
Here is a guy that gets it - not commodity related
