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Personal fitness and inner betterment.

I read a great deal - fiction, sci-fi/fantasy, alternative social viewpoints, occult/metaphysics

Music: 70% Classical (Brahms, Mendelssohn, Tchaikovsky, Wagner, Schumann, Mozart, Prokofiev, Rachmaninoff, Schubert, Beethoven, Faure) Beatles, Bread, Steely Dan, assorted 70s Soft-Rock, 80s pop and rock.

Sports (participant:) brisk walking and weight-training, (watching:) track and field, PGA, professional basketball, Olympics, swimming, womens gymnastics

I\'d love to generate a steady, plentiful income for extensive travel and to be of some service to those around me.
DemetriusB | weedermann

The Fiat Currency Dilemma: Covering Your Butt

Jul 22nd 2010 at 5:15 PM

It is common news (though few seem to realize it) that the People's Republic of China owns most of the United State's treasury bonds. What do you suppose would happen in the US if China decided to call in all of that debt? Already China is trash-talking, offering the opinion that the dollar no longer be the primary world currency. The government has gone further by suggesting that its own currency be added to the "Big-3". All sophistry, but...what if?

I'll admit that I am not a financial planner or economist. Yet person to person, let me join China with a bit of trash-talking suggestion. If you have a decent income or simply a sizeable amount of federal reserve notes (or the equivalent in euros and sterling) in your bank account, you might want to consider that all of it is just a bunch of fancy-looking, valueless paper. It is paper that a government can deflate or inflate at will and you (and I) are helplessly yanked about like string-puppets. So why not consider an alternative while you can.

Diversify with platinum, gold or silver (either portable or stock shares) and/or convert some of your domestic currency to that which is wholly backed by gold--Swiss francs. A small sack of silver rounds and bullion (gold too if you can afford a few) might go A LONG WAY to helping your solvency should the US dollar go the way of the one in Zimbabwe.

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Aug 6th 2010 at 3:46 PM by roosevans
Great article, Demetrius! You make a very good point about the importance of precious metals possession as a hedge against inflation and a security in recession! I can't afford to buy gold right now so I collect and invest in one ounce silver bullion coins. If you are interested in being a precious metals collector and marketer go to

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