RE: Hey Royal PumperHello Gordo,
Thank you for your detailed replies to previous posts. I am gaining some understanding of your perspectives and now believe that you are sincere in your beliefs.
Lets clear up a few differences though..
I am against the federal reserve, and I think Mr. irrational exuberance was very reactive rather than proactive and not as clever as he believed.
Now back to value....I think you and I agree that money is not value....in fact value is a measure of social consensus. There are many things of value that can be exchanged between consenting parties. It just happened that fiat currency appeared to be vvery convenient, and the value it held was the value of the trust or promise placed upon it.
In Africa, bricks are a store of value, in the Cayman islands, beer used to be a store of value. You choose to accept gold as a store of value. I like gold because of the supply and demand dynamic. Gold is becming increasingly scarce.
Diamonds have value because they are a girls best friend, and many fellows like to keep the girls happy. If debeers did not fully control the diamond market, diamonds could be much loswer in value....Over supply of anything leads to teh consensus of society that it is of less value.
Right now in the US weapons are scaarce so their value has risen.
I know you know all this. What happened in Japan is different because of different social and cultural value systems.
Your fear of impending doom has nothing to do with the markets. I think it is related to some horrible things that happened to you in your youth. I bet your psychoanalyst could verify that fact.
You are very smart so why can't you forsee the incredible recovery that is about to unfold before your eyes?
I am already having the best investing year and the year is young.
GLTA