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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Wrong admission
  • Date: Wed, 24 Sep 2008 20:40:36 EDT


> > It must. All hard assets. That must be followed by currency inflation.
> High and low don't really change.

You know, Bob, I'm here reviewing my hard assets and I'm still having a hard
time seeing the downside. My tools will still work. My corn will still make
bread. My pump will still work. My horse will still pull .... I still don't
see how I'm out a cent yet.


>
> >But, it will also cost you and eveyone else. Your (imaginary) gifted 22
> year old, getting ready to start his/her Juniro year at Vandy. All of a
> turn,
> the scholarship money, dependent on school investment, is cut by half.

I've long since stopped buying into that paradigm. If all such schools
closed the world would be better off for it.

> Your feed store has to close because they can't afford the overhead.

>

Sorry, Bob, that goes in the bull crap category. I use two feed stores. One
is this one:

http://findarticles.com/p/articles/mi_qn4182/is_20000224/ai_n10135680

It has been going continuously since 1778 and has almost no overhead it
didn't have two hundred years ago.

The other is a cooperative and its overhead is absorbed directly in the
pricing. Buyers are the owners and so profits are dynamic.

If people have sold their business souls to the credit game (scam) then they
are in for a hard bump. Oddly, considering the establishments I do business
with (lumber men, mill wrights, machine shops) none of them depend on
renewing
capital through credit so they will continue, if not unabated, at least only
somewhat attenuated.

Just like Long John Silver said to Jim Hawkins, "You can't touch pitch and
not be mucked, lad." </HTML>




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