Today I listened to someone discuss "quantitative easing", the printing, printing, printing of money with no backing. Causes big time inflation eventually, like happened in the late 70's. Anyway, now where the overwhelming bulk of the unbacked money is going, is into the stock market, and that's why we seem to be hitting new records almost daily it seems. Folks, especially folks at the upper scale that are big into stocks are...paper rich, for now. On the lower end, something near 50% of our nation is on welfare in one form or another, even if only food stamps. The folks in the middle, the shrinking Middle Class are getting crushed. One has to ask themselves who is it whom it is that has the Fed printing presses working overtime to churn out backless money at the same time is promising welfare to anyone whom wants it, legal citizen or not, and the same time recently promised to look out for...the Middle Class. It would be comical, but it can't be.
Do like Warren Buffet did to get his start. In the late '70's when my country almost went under, the stock market nearly collapsed, and business after business either collapsed or its value went to nothing, that's where Buffet made his real money. He bought them up, invested when they could be had for nothing or next to nothing, then waited for the economy to turn around, gain value. If you can afford it...
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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