It is an acronym?
Please clarify.
Also, we are looking forward to a big correction in real estate values, elderly people have borrowed against their equity for living expenses, and the banks show it as minimal risk.
There is no hope of the loan being paid off by a retired person, it will become the liability of the next owner, and some areas are simply not popular.
But the banks show it as an asset.
What happens when all the properties in the same area start to go on sale....the excrement will hit the fan.
Please clarify.
Also, we are looking forward to a big correction in real estate values, elderly people have borrowed against their equity for living expenses, and the banks show it as minimal risk.
There is no hope of the loan being paid off by a retired person, it will become the liability of the next owner, and some areas are simply not popular.
But the banks show it as an asset.
What happens when all the properties in the same area start to go on sale....the excrement will hit the fan.
Actually not a acronym...Latin!
Value of FIAT Currency is what the backing Government says it is worth - not backed by Gold/Silver/assets.
Value of FIAT Currency is what the backing Government says it is worth - not backed by Gold/Silver/assets.
I donno 'bout this - home prices are a bit inflated due to hyper demand, but rising interest rates and lessons learned in 2008 will temper its effect (methinks)
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Thanks.
We are also seeing some oil producers refusing to accept dollars, and insisting on alternate currencies.
The US Dollar's importance in the world economy is because of its status as the 'Petro-Dollar', as all trade in oil is conducted in dollars.
If that ceases, the Dollar will not be very attractive.
That is the long term goal of some oil producers...bear that in mind also.
We are also seeing some oil producers refusing to accept dollars, and insisting on alternate currencies.
The US Dollar's importance in the world economy is because of its status as the 'Petro-Dollar', as all trade in oil is conducted in dollars.
If that ceases, the Dollar will not be very attractive.
That is the long term goal of some oil producers...bear that in mind also.
This, and the above post, are mildly against forum rules, in that politics and names are used, just as examples.
The Swiss company Nestle used to have 97% of its sales outside Switzerland, so before investing, its performance in major markets must be considered.
Suzuki sells about 5 times its Japanese sales in India, and gets a huge amount as royalties from its Indian operations.
Again, it may be an attractive investment, though it may not be a stellar performer in Japan.
These names are used as examples, just to advise caution when choosing investment targets, as we live in an increasingly complex and globalized economy.
The Swiss company Nestle used to have 97% of its sales outside Switzerland, so before investing, its performance in major markets must be considered.
Suzuki sells about 5 times its Japanese sales in India, and gets a huge amount as royalties from its Indian operations.
Again, it may be an attractive investment, though it may not be a stellar performer in Japan.
These names are used as examples, just to advise caution when choosing investment targets, as we live in an increasingly complex and globalized economy.
Oil is usually traded in USD as it is the most stable currency on the planet. Those that are not selling oil via USD (Russia, China, some in Middle East - ya know, all those countries that just LOVE the US) are trying to delegitimize the USD, which only hurts them...(again, methinks)
The Dollar is based on smoke and mirrors, and it is time somebody said the Emperor has no clothes.
The US has paid its import bills for decades in T-Bills, essentially deferred promissory notes, and the only reason they have not been called in is that the Dollar would become worthless, and so would their T Bills.
Just see how much T-Bills are held, and by which country.
Again, this is going very political, so leave it be.
Moderators, your call.
The US has paid its import bills for decades in T-Bills, essentially deferred promissory notes, and the only reason they have not been called in is that the Dollar would become worthless, and so would their T Bills.
Just see how much T-Bills are held, and by which country.
Again, this is going very political, so leave it be.
Moderators, your call.
I remember seeing an article that China and India are the world's two largest oil importers.
So if these and other countries choose to buy oil in currencies other than dollars, what happens? The dollar has no relevance in the transaction.
They can do the payment in any mutually agreeable currency, or commodity...
So if these and other countries choose to buy oil in currencies other than dollars, what happens? The dollar has no relevance in the transaction.
They can do the payment in any mutually agreeable currency, or commodity...
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I have a distant relative in Toronto, whose house mortgage has gone from C$150k (1976) to C$2000k now as he has borrowed against his equity for daily expenses.
He is 85, and the house is now in a not so popular area, he will be lucky to get 1500k.
Who will bear the loss after he passes?
He does not have sufficient other assets to reimburse the bank in the event that there is a loss on disposal of the property.
The bank, or insurance company will take a hit.
Multiply that by 2 million events in North America, and think about it.
He is 85, and the house is now in a not so popular area, he will be lucky to get 1500k.
Who will bear the loss after he passes?
He does not have sufficient other assets to reimburse the bank in the event that there is a loss on disposal of the property.
The bank, or insurance company will take a hit.
Multiply that by 2 million events in North America, and think about it.
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😀
Touche!
So put your money in safe havens like gold, silver, and other things of that nature.
Diamonds, too many lab grown now, long term outlook is said to be bleak. Stay away.
Touche!
So put your money in safe havens like gold, silver, and other things of that nature.
Diamonds, too many lab grown now, long term outlook is said to be bleak. Stay away.
The $US is a commodity that is traded on the open market. There are currency markets around the world and I'm talking about exchanges like the CBOT. Its value is determined largely by supply and demand. For decades there has been robust demand because as mentioned it is the preferred currency for buying oil on the open market. So Uncle Sam can create a whole bunch of $$$ without runaway inflation because just like Toyotas, there's always a ready amount of buyers for however many are produced.
This convenient setup was brought to us by Tricky Dick Nixon, whose conniving deals ended the free fall of the $US on the world market and "stagflation" at home.
This convenient setup was brought to us by Tricky Dick Nixon, whose conniving deals ended the free fall of the $US on the world market and "stagflation" at home.
"Fiat" derives from the Latin "facere" -- i.e. "to make". In the financial realm it refers to printed money without the backing of gold or other precious metal.
I have not read your entire post. I will just say that you should invest in something which will yield more income than inflation and taxes will take away.
I already said Thanks, no need to flog a dead horse...
Fiat Money = Decree money, and Fiat Vehicles = Instruments based on Fiat money.
You are looking at a turbulent and transient global situation, the balance of power will shift from the current stake holders, simply because manufacturing capability and age are against them.
Britain, compare it to its glory days in the Post War era.
Most of Europe too.
Elderly people are not going to spend money as fast, most are on retirement planning.
Be cautious, and try to appreciate your assets in the long term.
Again, mildly political content as examples.
Fiat Money = Decree money, and Fiat Vehicles = Instruments based on Fiat money.
You are looking at a turbulent and transient global situation, the balance of power will shift from the current stake holders, simply because manufacturing capability and age are against them.
Britain, compare it to its glory days in the Post War era.
Most of Europe too.
Elderly people are not going to spend money as fast, most are on retirement planning.
Be cautious, and try to appreciate your assets in the long term.
Again, mildly political content as examples.
About 1000$ into ENSURGE MICROPOWER ASA just now. Will consider other stocks on the 15th or 16th.
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