In that my brother is coming in town, I am suspending Moneythoughts for today. If John McCain can afford to suspend his campaign for the country, then the least I can do is to suspend Moneythoughts so we can all work on passing this $700 Billion piece of legislation to help our economy. Moneythoughts recognizes that while our message and postings are important to the survival of our domestic economy, a day of rest is sometimes needed. Moneythoughts will be back tomorrow just as mean as ever against those fat cats on Wall Street. So, if you need a fix of Moneythoughts, check out one or more of the many postings I have written about the economy since February 13, 2008, when I started Moneythoughts. If you don't feel up to reading, then just look at my art work that I post every Saturday. Remember a picture is worth a thousand words.
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4 comments:
Enjoy your day off, and time spent with your brother.
And thank you again for your comment on my blog...
G
xx
Hi G,
Thanks for visiting Moneythoughts. Aren't you happy you are not here? We are having a fun time over here, so stay tuned.
Hi there,
I have heard.
I wonder how the ripples might affect us over here.
Is it time to start the cash under the mattress thing?
G
xx
I honestly don't know what the situation is over there. However, I seriously doubt that your currency is in bad shape, or, that your government is running a huge deficit and busy printing money. But regardless of where you are, it is not a bad idea to have your wealth diversified. It might be a little late to start buying gold coins as a hedge against paper money, but investing in mutual funds that invest in countries around the world is a good idea. International equity mutual funds make good sense. As for putting cash under the mattress, I think your banks protect deposits like our banks over here do. But, you should know whether the bank you keep your money in is a member of a depositer's insurance. In the States, we have the FDIC (Federal Depositer Insurance Corporation) that protects deposits.
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