Creating Wealth
Originally published by Khyron as "Creating Wealth: An Economic Perspective"
It seems to me that there isn't a way to escape inflation.
Consider this: the creation of wealth through stock
appreciation means that more currency needs to be printed
(ie. created) to support the demand. However, the gold
supplies backing the currency (the gold reserves that are
stored at Fort Knox) are growing much less quickly, if at all.
Another factor is that many nations do not recognize gold as
being quite as important an economic support as it once was
(notice the huge selloff of gold by Australias's government
from its reservesi a few months back). Thus, it seems that you
can't really defeat inflation if these factors remain true; it will
always be present as a matter of course. Therefore, the
growth in the value of personal financial assets must mirror
that of the financial markets. Conclusion: invest in the stock
market.

While I'm talking about inflation, it would seem that given the
above, the only way to stop inflation from occuring at all
would be to halt the growth of the economy. I personally don't
believe that wise (and not just because of my ownership of
equities). The future success of Black people in America,
whether we know it or not, is predicated on our participating
in this exploding economy. To not do so would be infinitely
more dangerous to us as a people.

-- Khyron - 11/29/98