Last couple years all this new money poured into the economy has just been diluting value.
20 bucks an hr and a 275000 house or 40 and a 550000 house... Same thing except you have more interest costs.
People don't get it... In the depression governments print money and built things... New highways tracks bridges... dams schools hospitals. All these are real hard assets adding to the value of the country and thus it's currency.
All this money getting poured into equity markets inflates paper. It's like getting a farmer getting a 250000 cheque... If you invest it in land a tractor cattle grain bins or paying off debt it increases your net worth.
If you spend it on hookers and blow it makes you feel happy for a little while and then the money is gone and you have nothing to show for it. That's basically what governments are doing today.
20 bucks an hr and a 275000 house or 40 and a 550000 house... Same thing except you have more interest costs.
People don't get it... In the depression governments print money and built things... New highways tracks bridges... dams schools hospitals. All these are real hard assets adding to the value of the country and thus it's currency.
All this money getting poured into equity markets inflates paper. It's like getting a farmer getting a 250000 cheque... If you invest it in land a tractor cattle grain bins or paying off debt it increases your net worth.
If you spend it on hookers and blow it makes you feel happy for a little while and then the money is gone and you have nothing to show for it. That's basically what governments are doing today.
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