Ron Paul was on Bloomberg’s Lunch Money discussing the developing currency wars. Paul states that the currency wars have been ongoing for decades, but they are now gearing up, but that government’s always compete to devalue their fiat currencies.
Paul informs the Bloomberg host that the loss in purchasing power from currency devaluation in a currency war devastates the middle class, and cancels out any slight benefit that you might be getting temporarily in terms of trade.
Paul also states that one day soon people around the world will reject all fiat currencies, and we will move into an age where people want to buy hard assets, and that this has already started with real estate, gold, & silver.
Published on Feb 6, 2013
Doug Kass, founder and president of Seabreeze Partners Management gives a dire view of the market. He’s getting that “Summer of 1987” feeling. While I don’t agree it’s that obvious that a mega drop is coming (I was in high school in 1987 and I told my dad to sell out because the market was way overextended), I do agree the market is toppy and caution is warranted.
In philosophy, reality is the state of things as they actually exist, rather than as they may appear or might be imagined. In a wider definition, reality includes everything that is and has been, whether or not it is observable or comprehensible. A still more broad definition includes everything that has existed, exists, or will exist.
Philosophers, mathematicians, and other ancient and modern thinkers, such as Aristotle, Plato, Frege, Wittgenstein, and Russell, have made a distinction between thought corresponding to reality, coherent abstractions (thoughts of things that are imaginable but not real), and that which cannot even be rationally thought. By contrast existence is often restricted solely to that which has physical existence or has a direct basis in it in the way that thoughts do in the brain.
Reality is often contrasted with what is imaginary, delusional, (only) in the mind, dreams, what is abstract, what is false, or what is fictional. The truth refers to what is real, while falsity refers to what is not. Fictions are considered not real.