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UPS Retirement Topics
From a VP job to flipping burgers and handing out free samples: Here's a cautionary tale of what can
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<blockquote data-quote="BMWMC" data-source="post: 1252756" data-attributes="member: 37461"><p>Compound interest assumes a return on money via PAID interest compounding faster than the RATE of inflation, which is , ALSO compounding. Its a zero sum game if they match and if interest rates are suppressed (like now) and rates of inflation are far higher than reported (like now) the eighth wonder tuns into a magnificent BLUNDER!!!!!</p><p></p><p>When Albert Einstein wrote that quote the US dollars was back by a gold standard and the Central banks didn't print 10s of trillions of fiat paper money to paper over its own reflationary follies. This is a vastly different fiat money world.</p><p></p><p>Look at the stock market for instance. All those record highs, right? Well if $1=1 Trillion on the Federal Reserve balance sheet in 2008 what does $1= 4 Trillion on its balance sheet as of Dec 31st 2013? Or, 1= 5 Trillion at the end of 2014? That's right its only worth a quarter, 1/4, .25, so slash those record highs by 75%. Its all just a paper game. If your are smart I would take 25-30% of your paper "wealth" and turn it into something tangible like GOLD/Silver (no real estate taxes, maintenance, counter party risk) which today 1 troy ounce still buys exactly what 1 troy ounce could buy 5000 years ago. NO gold and silver ETF mind you, BUT, Physical gold and silver YOU take possession of, IN YOUR HAND.</p></blockquote><p></p>
[QUOTE="BMWMC, post: 1252756, member: 37461"] Compound interest assumes a return on money via PAID interest compounding faster than the RATE of inflation, which is , ALSO compounding. Its a zero sum game if they match and if interest rates are suppressed (like now) and rates of inflation are far higher than reported (like now) the eighth wonder tuns into a magnificent BLUNDER!!!!! When Albert Einstein wrote that quote the US dollars was back by a gold standard and the Central banks didn't print 10s of trillions of fiat paper money to paper over its own reflationary follies. This is a vastly different fiat money world. Look at the stock market for instance. All those record highs, right? Well if $1=1 Trillion on the Federal Reserve balance sheet in 2008 what does $1= 4 Trillion on its balance sheet as of Dec 31st 2013? Or, 1= 5 Trillion at the end of 2014? That's right its only worth a quarter, 1/4, .25, so slash those record highs by 75%. Its all just a paper game. If your are smart I would take 25-30% of your paper "wealth" and turn it into something tangible like GOLD/Silver (no real estate taxes, maintenance, counter party risk) which today 1 troy ounce still buys exactly what 1 troy ounce could buy 5000 years ago. NO gold and silver ETF mind you, BUT, Physical gold and silver YOU take possession of, IN YOUR HAND. [/QUOTE]
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From a VP job to flipping burgers and handing out free samples: Here's a cautionary tale of what can
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