As I watch the relative value of world currencies fluctuate day to day, it occurs to me that the numbers simply indicate which national currency is circling the toilet bowl the fastest. In the end they are all heading toward the sewer.
Step back, as if viewing the spectacle from the moon. What is stable? What is real money? How can one judge the dollar, euro or yen objectively? Find a position of stability and watch from there.
Friday, August 5, 2011
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