Author Topic: Inflation  (Read 8639 times)

Offline chin

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Inflation
« on: 14 May 2011, 03:53:24 »
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I was listening to an American radio program that interviewed a former Harvard professor who worked with 5 previous US presidents.

The guy, Steve Pieczenik, sounded a bit lunatics and extreme. He believed the 911 attack was staged by the US government, Osama bin Laden was dead in 2001 died of a degenerating disease Marfan.

Anyway, he was talking about how he would wage an economic war with China, (and he say that's what the US government is doing now.) The main point is to devalue US$, causing economic and social unrest in China. And restructure the US economics, eliminate national debts by devaluation, and take back the manufacturing jobs to the US.

Whether what he said was true or not, simply by pegging to US$ and sourcing most of our basic living supplies from the mainland, we may facing a long inflationary period. What do you think is the best way to preserve our own purchasing power? Buy properties? Gold?

Or the worst is about to over, when everyone is talking about it, like what I am doing now...
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Offline hangchoi

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Re: Inflation
« Reply #1 on: 14 May 2011, 11:59:28 »
BUY WINES..... ;D
「吾心信其可行,則移山倒海之難,終有成功之日。吾心信其不可行,則反掌折枝之易,亦無收效之期也。」

Offline chin

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Re: Inflation
« Reply #2 on: 16 May 2011, 01:00:38 »
BUY WINES..... ;D

I am now very very seriously thinking about it.

Offline chin

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Re: Inflation
« Reply #3 on: 30 November 2013, 18:51:50 »
BUY WINES..... ;D

Or buy Bitcoins.  ;D

The wine investment does not seem to be productive for me.