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Since there are no longer anything but fiat currencies, the relative value of any currency to any other currency has become nothing more than a beauty contest. If any country decides to link the value of their currency to a tangible asset they will boost their standard of living almost overnight.
Actually this would not be the case that bonds have always been safer than equities. If you owned Siemens stock and Deutsch Bunds in 1913. Your bund holdings would have been wiped out three times. Your Siemens shares would still have value.
There are two things I can tell about party loyalist from his post. 1. He is not rich. 2. He has never run a business.
Henry Ford did not pay the wages he did to Give his workers the ability to buy the model T. He paid that wage to attract the best talent and cut employee turnover expenses. Thus allowing him to c...more
Please tell me what deductions you're talking about? There are interest, depletion, and depreciation, but these are actually expenses. For example you spend $100K on a machine. This machine increases your productivity and you earn an extra $50k in years going forward. You take a depreciation allowance over the next sev...more
hwams,
If I were a fly seeking some fecal material I wouldn't know which would be a richer source, the crap you spew, or the obviously vacuous space between your ears. Unless you have something of value to say......Just go away your stench is terrible.