IPFS News Link • Economy - International
Pity the Poor Rich - Switzerland under attack
• Bill Bonner for LewRockwell.com“Switzerland at war with the rest of the world,” begins an update from colleague, Cecile Chevre, in Paris.
The Swiss usually manage to stay out of wars. They do it by being heavily armed. Even the yodelers have softened up lately, but until recently every able-bodied man was required to serve in the Swiss Army. He had to keep his rifle at home…and each year he had to prove that he knew how to use it.During WWII, the Germans considered invading Switzerland. According to legend, a top German general met with Switzerland’s top military man on the border.
“We have twice as many men on the border as you do,” said the German. “What would you do if we launched an attack?”
“The answer is very obvious,” replied the Swiss general. “I would tell each of my men to shoot twice.”
But now Switzerland is up against even worse odds. Switzerland has long been a haven for people with money. And life is getting tougher for the rich…as well as for those
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1 Comments in Response to Pity the Poor Rich - Switzerland under attack
If you look at what was really happening when all those common-folk investors were getting rich, you will see that the FED/World Bank/IMF were getting richer off the activities of these common-folk investors.
Money is only as good as it has value among people. This is the same for gold and silver, land, businesses, and you name it.
Suppose you owned a piece of land or other real estate. Let's say tht you had paid off the mortgage, or, bettet yet, paid cash for the place and never had a mortgage. Are you the owner? Do you hold the title? Or is it the county registrar that holds title, while you just hold a worthless copy?
When you buy land, hold onto the deed / title, and only register a declaration of sale so that you are the holder of title. This way you actually might own something of value. It's obvious by the way that the FED prints money that there isn't much value in it, and that the only value that it has is in the fact that the knowledge of its worthlessness hasn't made its way into the minds of the people... yet.