Re: US debt and long-term savings strategy - what do you think ?

morrisjcroy@xxxxxxxxx wrote:
On the whole, one might be better off buying Lotto 6/49 tickets. Either
way, one is making an investment in a random number.


Who knows what the world will look like in 2100? Maybe Africa could
end up being the richest and most stable place in the world in a
century? Maybe the European Union may very well end up being majority
muslim? Maybe London, Berlin, Prague, New York, Shanghai, Tel-Aviv,
Australia, etc ... could be under water in a century? Maybe the
majority religion in the world becomes something like Rastfarianism?
Who knows? Or for that matter, who cares?

Back at the start of the 20th century, America was considered the
"wild west" and had a reputation for not being a very reliable place
to invest in. The British Empire was considered very powerful and had
the most stable economy in the world. Germany was an up and coming
country after unification and fast industrialization. Argentina was
the land of opportunity.


And don't forget what Sir Wilfrid Laurier said about Canada.
.

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