So, are you still sitting on the fence and watching your money disappear?
Bernanke wants to increase the debt level of the USA, which will, once again, devalue the dollar, and the pound; with the Uk “special relationship”, which means going to war, and buying squillions of US bonds. The biggest foreign holders of U.S. treasury bonds are China, Japan, and the UK.
Have you ever studied, read about, or even know or care about the collapse of the Weimar Republic, Zimbabwe currency or the Argentine currency debacle? Bernanke of course is the Fed Head, the man who said don’t worry about the value of the dollar, we can always print more and ship in more paper money by helicopter!!!
"The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost." (He referred to a statement made by Milton Friedman about using a "helicopter drop" of money into the economy to fight deflation.) Bernanke's critics have since referred to him as "Helicopter Ben" or to his "helicopter printing press." Bernanke / Wikipedia.
I hope we all know and understand that if you have an economy of a certain size and a given amount of money, and you increase that amount of money, then each unit of money is worth less, continued increases in the money supply, “fiscal easing” or “quantitative easing”, makes the money worth less and less, until it really is
So, to reality, you’ve got no spare money, you’re concerned for the future, but you still want a property in Umbria, central Italy, and this is where it began, you visited my website, www.propertiesumbria.com and liked what you saw.
Some of you even visited, and stayed at www.lapreghiera.com or even www.villamoscatelli.com whilst viewing houses and the surrounding countryside.
But, I hear you mumble, property is also a risk. Absolutely, but here in the Upper Tiber Valley of Umbria, we can’t build anything new in the countryside. We have a fixed, finite and limited amount of historical and original buildings scattered about the area that we can remodel and restore. This is our economy, and, in any economy, if more people want a certain item, and one can’t make more of them, then the pressure on the available few items; in our case, buildings; eventually forces up the price. And, if the worst came to the worst you could always live in it and plant potatoes, tomatoes and chickens, and survive. Try building a house out of paper, paper money, dollar bills or pound notes.
A house we made earlier, and intend to do again with 004 Casetta, and also 889 Meotti, once we’ve finished the 930’s series of houses at Palazetto, Montone, is on site 009 Pian di Marte, and at a good price.
Maybe, just maybe, you’ll take the plunge, before the deluge of fiat money overwhelmes you.
Hope so. See you soon in sunny Umbria.
And remember, sitting on the fence can give you splinters....you know where.