Eurythmic wrote:
Texasmoneyman300 wrote:
I wish private central banking and fiat currency would have never been invented.I wish actively managed mutual funds would have never been invented.
What's wrong with fiat currency?
What's wrong with managed funds? Why not let experts take care of a portion of your investments and actively manage them, it sure beats earning less than 1% interest from having it in cash (and therefore going down in value as it's less than inflation, not to mention the tax office robs you of some of it as well).
Money is a store of value, something that can be bartered with others in commerce.
With the words "moneyman" in your handle I thought you would be right into money and investing wisely.
I dont consider the U.S dollar to be true money because it is constantly losing value to inflation.I consider the U.S.Dollar to be a currency.I think oil/gas wells,mineral rights gold,silver,real estate, farm/ranch land and the stock market would be a way better store of value long-term than the U.S. Dollar or any other fiat currency globally.JP Morgan said something like "Like Only Gold is Money,Everything else is Credit."Also the US where I live is having high inflation right now due to fiat currency.I also dont like fiat currency because it means saving money in the bank for retirement is a losing proposition and it forces retirees to go to higher-risk options like the stock market instead of CDs.I also hate it because it has killed bonds for a lot of people.I think index funds are way wiser than mutual funds.I am also against fiat currency because it really increases debt loads.I wish the dollar was still as good as gold.I think gold is God's money and eventually the U.S.Dollar will be worthless.