Replies to post #478 on Golden Jackass Tobacco Shop

[JimWillieCB]

currency devaluations are like a bunch of children constantly kicking each other in the shins
just as one tries to break free, a kick from a blind side
it ends went all participants are legless
then and only then are all children short relative to the mayberry pole in the playground

they all are cheapened versus the benchmark -- GOLD

the USA did relax some trade restrictions
amazing how history repeats itself by taking the politically expedient path of least resistance, with the same certain result of reduced trade, slower economies, and recession

we live in an illiterate society
I believe literacy among the aristocrat class was much greater a century ago

/ jim

[KastelCo]

Good point Michael,

I own a lot of FAP.TO as a play on the greenback and relative strength especially of the AUD. It pays me 9.5% based on my cost base. I was reconsidering my position quite a while back thinking if the loonie raises then what gain do I get but I bet that our loonie wouldn't much outpace the greenback and so far so good.

regards,
Kastel
A cute and cuddly Canadian