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Engineering, procurement, construction & management of crude oil refineries.

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Message: Re: State of real estate market south of border

I'm already sitting heavily in a gold ETF... there's just no way that a nation can print that much money without the value of something "real" going up! I don't think we have yet seen the repercussions of the Obama regime (not saying that I am pro/anti Obama... just reflecting on the repercussions)



to my mind, you "create" a bunch of money to fix the economy ... the economy is repaired (??)... the interest rates start to go up as a result of the "repaired" ecomony... and you find yourself paying higher interest on the imaginary money that you printed!

Reality is reality! An economy is based on REAL assets, not imaginary ones. Printing money does nothing more than devalue the currency (in global terms).

This relates to WWF only with respect to the fact that WWF is going to PRODUCE something OF VALUE, and therefore it is a worthwhile investment... but I am heavily investing in gold in the rest of my portfolio because so much of the N.American economy is currently still based on imaginary ("because we're a great nation and we're really cool") currency.

Just as an aside, I'm also putting my money into potash and lentils... the fastest-growing countries need to eat, regardless of the economic state... and the Canadian product that they eat is lentils :-)

Just MHO... nothing more...

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