Holy Smokes

[jensend]

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3141428/Germany-takes-hot-seat-as-Europe-falls-into-the-abyss.html

this is really shrill for ambrose evans pritchard. if the world is as panicked as he claims it's all over and we're into global panic.

[cottonpicken]

You have it Tom.

"if a currency isnt created at ever increasing amonts the system collapses"

In a nutshell that is it!

Thats the system we adopted the day we went off the gold standard.

And now we pay the penalty written in the unstoppable laws of economics.

And im really afraid of how large the penalty may be.

[bucket]

Not to be a downer cotton but does this mean everything I own is worthless? And everything the bank has an interest in is overvalued to the point that I am worthless?

What are the best strategies for times like this - having boatloads of cash or tremendous debt?

[TOM4CWB]

Bucket;

Productive asset management is what keeps us alive economically. Human resources execute the plan.

The combination of effective; risk management... asset utilisation... and a capital debt ratio that does not exceed gross income ... keeps most farms economically sound.

IE: If you gross $1M... better not have more than $1M in debt to be safe.