regard him as a usd cash saver that is not thinking much
it is about stability, I think the head of C central bank don't trade retail forex so he don't care.
he just want 1$ equals 1$ and forever 1$, it's like you want your house and bed built out of solid rocks so you don't worry that it will clapse...when you sleep or go to work.
over the world I see people worry about this and worry about that, and they invest in things that grow with inflation, and their investing activity make inflation worse...
they buy houses, oil, gold, metals, stocks, even tea and flowers... all kinds of things you don't need to consume but seems to be able to protect you from inflation.
for a while everyone looks rich and people who don't invest and hold cash seems stupid,,, people start to think that they can live on investing and those who work and save cash will pass money to them through inflation over-time...
but eventually most lose, few win, treasury and gov and banks and brokers win...
it's funny that people who do investments to hedge inflation risk lose, and people who create inflation win... as always...
we work to get paid in papers gov prints, it's never a balanced game, unless gov and country and currencies are gone.
then people will worry about how to divide benefits and interests between individuals without a currency... no solution.
over the past, some people tried a community without a currency and failed, everyone stops working and wait for food then.
eventually things are still there, you're just dreaming on blogs year after year.
buffet says, I just want a simple business (industry?) that I can understand and generate profit on a solid basis... this is the fundamentals of life.
but again I guess gov officers will never stop screaming because they make a living by making noises... let it be.
it is about stability, I think the head of C central bank don't trade retail forex so he don't care.
he just want 1$ equals 1$ and forever 1$, it's like you want your house and bed built out of solid rocks so you don't worry that it will clapse...when you sleep or go to work.
over the world I see people worry about this and worry about that, and they invest in things that grow with inflation, and their investing activity make inflation worse...
they buy houses, oil, gold, metals, stocks, even tea and flowers... all kinds of things you don't need to consume but seems to be able to protect you from inflation.
for a while everyone looks rich and people who don't invest and hold cash seems stupid,,, people start to think that they can live on investing and those who work and save cash will pass money to them through inflation over-time...
but eventually most lose, few win, treasury and gov and banks and brokers win...
it's funny that people who do investments to hedge inflation risk lose, and people who create inflation win... as always...
we work to get paid in papers gov prints, it's never a balanced game, unless gov and country and currencies are gone.
then people will worry about how to divide benefits and interests between individuals without a currency... no solution.
over the past, some people tried a community without a currency and failed, everyone stops working and wait for food then.
eventually things are still there, you're just dreaming on blogs year after year.
buffet says, I just want a simple business (industry?) that I can understand and generate profit on a solid basis... this is the fundamentals of life.
but again I guess gov officers will never stop screaming because they make a living by making noises... let it be.
