5. Buy real estate assets & commodities, not US$
Ozraeli , |
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(11.15.10) |
The $441 million probably refers to a diversity of smaller projects and/or Israeli equity, not including borrowings and joint ventures.
I certainly hope that Israel (I refer to the Bank of Israel as embodied by Stanley Fischer) and individual Israelis have the wisdom to invest in worldwide real estate & agricultural projects, land, minerals and/or precious commodities (gold, silver, platinum, diamonds, rare metals, mines, etc), rather than continuing to try and prop up the depreciating toilet paper the US $ is turning into.
The recent additional $600 BILLION "quantitative easing" (printing paper money with nothing behind it but words) is another step in the self debasement of US currency.
I hope Israel develops a "Sovereign Wealth Fund" for investment overseas, like China, Kuwait, Dubai, Saudi Arabia, etc, instead of continually buying US dollars, Treasury Bonds, or even other depreciating foreign currencies.
Paper is exactly that-paper; is wholly dependant on the promise & premise behind it; & is far too easily manipulated or rendered worthless.
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