Funny Money

[Ten ese]

For those that are not regular readers of Financial news articles, the following may be a bit tedious. However, it is in your best interest to pay attention to what is going on in the world currency wars, because it does affect your wallet, and thus, your ability to survive.

https://www.zerohedge.com/news/2018-01-14/japanese-purchases-us-treasurys-tumble

‘Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values.

‘Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters, upon an account which is not theirs, upon the virtue of the victims.

‘Watch for the day when it bounces, marked, ‘Account Overdrawn.’ ‘ Ayn Rand. (1905-1982).

https://www.reuters.com/article/us-...sovereign-ratings-to-bbb-from-a-idUSKBN1F50OU