Detlev Schlichter: Some personal thoughts on surviving the monetary meltdown

“That government bonds are a safe investment can, of course, not be left a matter of simple opinion but has to be enshrined in the laws of the land, and the state’s rapidly expanding finance constabulary is already working on it. Via legislation and regulation, the state is busily building itself a captive investor base for its own debt.  I fear that to a large degree this is even welcome by the asset management industry. In an unstable and increasingly uncertain world, being told what to buy lifts a great responsibility off one’s shoulders.”

Related posts:

Ask James, Part II: How to Be a Millionaire, How To Be Ugly, How to Network, Back To School Reading ...
California, Here They Go
America’s Great Depression Quote of the Week: A Visit with ‘Dr. Hoover’
India: Emerging from Poverty or Stuck in the Past?
Former IMF Chief Economist: Sadly, Too Big to Fail Is Not Over
Doug French: So Where’s the Hyperinflation Already?
The Compulsion To Rule
It Won't Stay in Vegas: The Metro PD's Homeland Security Theater
He Parlayed Coins To Crowns; Mayer Rothschild's street smarts [2004]
A Letter to America from the Son of an American
South Africa and Ending Apartheid: The Free-Market Road Not Taken
Bill Bonner: Is This Capitalism’s Achilles’ Heel?
Bill Bonner: An Important Update on Our New ‘Trade of the Decade’
Bill Bonner: Why I Sued Washington 28 Years Ago
The Ultimate Privacy Protection: Foreign Real Estate