Our situation happened to Japan not too long ago...does anyone remember when they were buying all of our golf courses and real estate?
here is a link to the bio of their prime minister at the time. He made a great speech on the eve of their destruction that had more to do with all Japanese picking up their pace and doing without as a way to correct the economy. I think this is worth a read...any links to the actual speech would be appreciated.
Juni Koizumi
1 posted on
09/25/2008 1:09:14 AM PDT by
willyd
To: willyd
yeah that why you don’t put all your eggs in one basket.
2 posted on
09/25/2008 1:11:52 AM PDT by
Tempest
(No more bailouts. No More Fear Mongers.)
To: willyd
I remember when Japan was buying up all the gold they could get their hands on. I think it was more a currency issue than a bank issue however.
That is what began the “gold rush”. People scoffed over advise to buy gold (it sold for around $234/oz then) It turned out to be a very good long term worry free investment.
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