I had to learn the hard way that it does not mean squat. It does not tell you when something is going to happen - you could wait half a lifetime for the fundamentals to manifest.
Funny, I was taught that in school too and believed it until last year. Fortunately through the web I saw other viewpoints and was able to save my 401k from damage. Though now corruption may still get it in the end if currencies go off the rails and institution may fail.
Yes, you could be right. Other western currencies are at highs while underlying conditions our as bad or worse than ours. If the relative swap game we have been playing for eons can be kept up that will be the case.
But there is a case not see yet in history where they all crash badly. It has to do with the average person making $3 a day but developing nations can do what we do now technologically. politics and nationalization can skew the results for sure. We shall see how it turns out.
David Tice is top-notch. He speaks in such a way that the average person can understand. I've been listening to him for a few years now & have taken his words seriously. THANK YOU KING WORLD FOR DAVID TICE INTERVIEW !!
Keynesians control the global education system.
I had to learn the hard way that it does not mean squat. It does not tell you when something is going to happen - you could wait half a lifetime for the fundamentals to manifest.
Nuanceqwest 2 years ago
Funny, I was taught that in school too and believed it until last year. Fortunately through the web I saw other viewpoints and was able to save my 401k from damage. Though now corruption may still get it in the end if currencies go off the rails and institution may fail.
kanechi100 2 years ago
Im gonna say something crazy - the USD has a long way to go on the upside.
We are headed for multi-year possibly decade highs in the dollar.
I know it could sound crazy and improbable but there is so much credit coming due and not enough cash in circulation to pay for it.
Nuanceqwest 2 years ago
Yes, you could be right. Other western currencies are at highs while underlying conditions our as bad or worse than ours. If the relative swap game we have been playing for eons can be kept up that will be the case.
But there is a case not see yet in history where they all crash badly. It has to do with the average person making $3 a day but developing nations can do what we do now technologically. politics and nationalization can skew the results for sure. We shall see how it turns out.
kanechi100 2 years ago
David Tice is top-notch. He speaks in such a way that the average person can understand. I've been listening to him for a few years now & have taken his words seriously. THANK YOU KING WORLD FOR DAVID TICE INTERVIEW !!
lynnybee888 2 years ago 2
I never heard of David Rice. I just ran into his name just now...
LOGICvsYTIDIOTS 2 years ago
He also shows up on Fox Business now and then.
Melville10 2 years ago
He's honest and blunt which 99% of politicians and policymakers aren't.
Melville10 2 years ago