The World According to Me.

Why be exceptional when you can be average. I mean there is far less risk when you lower the bar enough to step over it. That is essentially what Fed Chairman Bernake told students the other day. "Don't go for the Gold" in his words, maybe that is because he is printing dollars and hasn't used the Gold standard since 1971. Or perhaps because 1oz of Gold is worth one-thousand two-hundred and twenty-two of his paper Monopoly money. Who knows why he'd make a remark like that, maybe he was thinking of the decisions he has made in life. Leaving the Prof world for the finance world, stepping over his knowledge base for the salary it entailed and assumed 'power'. Fact is, you don't usually here financial icons telling people to settle for happiness over wealth UNTIL they have achieved their wealth, then they immediately know all. Just a tad hypocritical, but hey this is America. I keep thinking of the terms from the Constitution; 'promote the general Welf...

There has been all this talk about the devaluing of the dollar and rising cost of gold, well check this out. Greece just worked out a Euro bailout that is undisclosed to terms and amounts. I'm wondering what the effect will be come Monday morning on the Euro vs Dollar and market for Gold and other commodities. There has also been chit-chat about the life of the Euro now. Who wants currency for their country tied to a multitude of other countries, of which the economies are failing severely? What shock wave would be sent if the Euro collapsed? What happens to the dollars value? This could be good or bad for the US economy in certain aspects. It will be an interesting week next week. Hopefully in the bailout for Greece there are stipulations on what and how money is spent. Remember, you simply can not promise everything to everyone. Union debt has crushed Greece.