Jim Rogers : If you haven't already downgraded US ...

Jim Rogers : If you haven't already downgraded US in your mind, do so now

We have. But the question is how far to downgrade the world's reserve currency? Which leads to the bigger question: How long should we consider this as the currency of last resort? Not an easy answer, however when it loses this special status -- Watch Out! That would be the last stand, clearly signalling the fall of the American Hegemony. The implications are immeasurable.

But if you haven't already done so in your own mind, do so now!

First Financial Insights
December 3, 2012

Don't ask... Don't Tell

 

 

 

First of all,  let me say hello to our friends in Germany, Sweden, India, Swizterland, Netherlands and the United Kingdom for their support, comments, insights and questions over the past month. Your thoughts keep us on our toes and provide much valued feedback. Please continue.

 

Here's a post from today's Investors" Insights I enjoyed and received permission to post concurrently.

 

Dr Peter G Kinesa

December 3, 2012 

Paul #Krugman - Varieties of Errors; #NYTimes

Paul Krugman - Varieties of Errors
#NYTimes



http://krugman.blogs.nytimes.com/2012/11/29/varieties-of-error/


Economics: The Impossible Scoreboard!

Who' s winning? Who will win? When does the game end? Underneath what Paul is saying is a deeper question that relates to how we will ultimately measure success? - success of our theories, assertions and predictions? The whole issue is so complex and clouded with misinterpretation, that you could spend a lifetime in a splendid discourse with very bright people drinking some pretty fine wines.  But what we should not accept are frivolous answers - in the long run we are dead - that is simply childish and immature. 

There is little doubt that Keynesian measures have given us positive benefits, but perhaps these short term advantages in balancing the production-consumption model are aborting a  greater progress. It is an abstractionist model exercising a strategy that focuses on creating "effectual demand" by originating debt and money  Both over the long haul, do not logically relate well to the physical capacities and constraints of the money issuing nations geographic capacities. Resulting in tactics that promote rapid growth; leading to accelerated resource depletion, overpopulation and a destruction of the physical carrying structures that support present and future economic activities.

Whether it is today or tomorrow, a fair conclusion or measure of who is winning remains clouded. But no one wins in the end, if our strategies and beliefs push us over the extinction cliff faster than need be.

Until then, we suffer misfortunes of outrageous slings and arrows - Varieties of Errors!

Dr Peter G Kinesa
December 1, 2012

Take Arms Against the Sea of Errors

December 1, 2012