wow,some decently strong words here...

Your comment - no idea why we are discussing this here on a watch site,but as is is dedicated to Patek Philippe,this unfortunately might be not really be by chance..- and Your words are well taken,but perhaps future will prove other countries and currencies are important too??

It was a great,singular economic world wide triumph some decades ago for the US government to make the USD the value we all have to pay for petrol and other things:but mind- things might change in future!

Some people here live in Singapore,and some will come to our community once that will come from China or India and these countries are more and more reluctantly willing to accept the USD's stated monopoly on the international financial market (inspite of China's gigantic reserves in USDs)!And their industry is prospering while US and EU industries are struggling for survival.

The phantom of a new international currency instead of the USD would lead to a financial crash in America that is hardly imaginable today.

Fine that You "planned Your portfolio" so smart,but driving through Northern America's wast and breathtakingly beautiful landscape I saw so many shabby houses and caravans with US citicens "living" within these stables that I am really doubtful about the living-conditions there,any change in the international money market could lead those compatriots of Yours into misery unimaginable for most first world inhabitants..

As said,we are talking about watches here and not the injustice of world trade,third world's exploitation by big first world companies and governments and all these uncomfortable themes for people who can afford not only a loaf of bread but a PP 5070 Pt ....

perhaps go back to the roots,a bit more sympathy,a bit more self-contentment,a bit more reflection in which world we are living?

regards,

lutz

💰1729 Marketplace Listings for Patek Philippe›

It Is The Economy

By: ejk : May 26th, 2009-23:43

When wavve C of he Bear market hits you will be able to buy things for pennies on the Dollar. This is the first shoe to drop their are more to come Commerical Real Estate, The Dollar and then wait till all the money we have printed hits. Just like Germany...

Thanks for this wonderful post, Nostradamus.

By: amanico : May 26th, 2009-23:48

Now I feel better, knowing that I will get all the Pateks of my Dreams for ( almost ) free. This message has been edited by amanico on 2009-05-26 23:49:59

LOL! [nt]

By: DRMW : May 26th, 2009-23:49

No message body

Sooo, ...

By: bimbeano : May 27th, 2009-03:55

you're still my best friend eerrr ???? I love Pateks too ! f

Sure! nt

By: Dje : May 27th, 2009-06:09

With all the money printed, before of inflation....

By: kkhazen : May 27th, 2009-07:38

... it means go buy anything right now thanks for the advice though, i am sure ur intention are good, but when u really love watches u don't think about it Karim

I'm the biggest bear here...

By: nothing but time : May 27th, 2009-12:28

...but it probably won't be that bad. The fed is printing money like crazy , they have massive swaplines with foreign governments in their respective currencies. Those governments have bought into the kooky idea that everyone needs to work in a united fas...

Cash is king...

By: MiniCooper : May 27th, 2009-18:12

but the Euro is quite strong and competes with the Dollar as the world's top currency Cheers

The Euro...

By: constantine : May 28th, 2009-05:47

....is a total joke and it is only central bankers, mbas and so-called "experts" that believe it can mount a challenge to the USD. In some of my less illustrious and most exotic trips in faraway lands, people would only take the greenback. That said the U...

I would disagree...

By: MiniCooper : May 28th, 2009-06:14

for eg the Euro as been much stronger than the US dollar for more than five years Moreover the shape of the European economy is quite decent (if you compare it with the global economy) European companies have solid foundations. Lets take the banks and the...

Your point is well taken, but 'planning one's portfolio' certainly isn't meant to imply a lack of caring or empathy for your fellow man and isn't done to look down one's nose at those who didn't plan themselves. If none of us consider the absolute worst i...

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