Homestead mailing list

[Don Bowen <don.bowen AT earthlink.net>]

At 12/1/2004, you wrote:
> > And the price of gold is at 16 year highs at around $450.
>
> Hey, here's an idea! Let's live the homestead life and be as insulated as 
> possible from the rest of the world's problems.

I hope this place sells before it gets much worse.

> Which of course brings us back to the need for reliable cash to pay those 
> unreasonable people who only take cash, check or credit card, like the tax 
> person, the car registration and insurance persons, the seller of those 
> many items we can't produce for ourselves, etc. I am still open to new 
> suggestions.

The economy is on the brink of some problems and the dips in the 
administration are doing nothing but worrying about if they can get pro 
life judges in or if some homosexuals might marry.

China has refused to revalue its currency.  This take away most of the 
advantage of a dropping currency.  Huge trade deficients with china are 
increasing the worry of world wide investors upon which we depend on for 
more than 43% of our bond sales.  Tax cuts have made us noted less valuable 
to american wealthy and huge trade and budget deficients have made those 
same bonds less valuable to foreign investors.

The net result can lead to inflation.  A definite cooling of the economy 
will occur as interest rates climb.  But unless interest rates climb more 
will pass on US securities.

Don Bowen
Awl Knotted Up Woodworking
Valley Center, CA             http://www.braingarage.com