The Die Is Cast; There Is No Longer ANY Doubt.
by David Schectman, MilesFranklin.com:
I took Susan to see Flight with Denzel Washington this afternoon. It’s a great movie and he is a wonderful actor. After we stopped at Grill On The Alley, one of our favorite restaurants here in Aventura. We sat at the bar and had dinner and a drink. Somehow, it always seems to happen because Susan is so very friendly and social, I ended up in a conversation with two older ladies, and one of them said she had all of her money in tax-free bonds. I gave her a very clear explanation of why that was not a good idea NOW. With the dollar debasement and inflation that is about to sink us, the last thing anyone needs is to have all of their money in bonds, any kind of bonds, or annuities too for that matter, if denominated in dollars. The poor old lady was frozen, like a deer in the headlights. She heard what I had to say and maybe even agreed with it, but people just refuse to change. Old habits die hard.
Then a man named Mustafa joined in. He said he taught a class on credit card and debt reduction and he was overheard what I had to say. He was educated, bright and totally misguided. He felt taking money from the rich and giving it to the poor was the right thing to do. He felt that debt doesn’t matter. I asked him, “If debt doesn’t matter, why doesn’t the government send every American one million dollars. Wouldn’t we all be better off? He had no answer.
2012-11-09 15:19:53
Source: http://sgtreport.com/2012/11/the-die-is-cast-there-is-no-longer-any-doubt/
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