She and several of her relatives (who also lived into their 80s, 90s and 100s) lay at rest in this burial ground located on Merrily Farms.
Recently when viewing this headstone with a friend, he commented, “Boy, I’ll bet she saw a lot of change”.
My reply was, “not at all”.
The fact is that if Ida lived her life in these mountains she may have hardly seen change at all…certainly nothing like we born in the 1940s and beyond have seen. The change is coming so fast. The world’s rapid evolution tears down so many structures, so fast, it’s really hard to know how to adapt and what to do.
Some of the change, things we now accept as commonplace, just a few years ago would have been unthinkable.
One huge sign of life’s rapid shifts of course is the lack of any stable currency.
The euro is an example. When the idea was first introduced I laughed. I never thought they could get the French and Germans to ever agree among themselves much less trust the Spanish, Greeks and Italians. Yet it happened and I have profited greatly from the fact because I was willing to set aside my prejudices created by the past and adapt.
Our Saturday, April 14, message stated “Freedom comes from being able to maintain the purchasing power of one’s savings and wealth. Many banks expect the greenback to now drop to 140 against the euro. Yesterday I cleared out most of my liquid US dollar holdings and invested in more European and emerging market bonds and equities before the formerly All-mighty buck drops further.”
Yesterday’s major market update suggests that this was a good move. The British pound has soared. The euro has reached an all time high and Keppler monthly analysis noted: The best performing major markets of the month (in local currencies) were Germany (+6.8 %), the Netherlands (+6.5 %) and Sweden (+6.4 %).
A recent Bloomberg article sent by an alert reader suggests the dollar’s fall is not over yet. It says: “Anyone who says the dollar is weak after it fetched a record-low $1.3681 against the euro and the fewest pence against the pound in 25 years is expressing a euphemism. The currency may decline at least another 10 percent by the end of 2008, says Jay Bryson, an economist at Wachovia Corp., and Kenneth Rogoff, the former chief economist at the International Monetary Fund. The dollar has only fallen 3.4 percent in the past two years to a 10-year low, according to a Federal Reserve index that weighs trade with 38 countries including China , Mexico , Canada and countries in Europe . It tumbled 30 percent in the three years ended 1988. Dollar weakness will be broad-based and could last for years,” said Bryson, a global economist at Charlotte, North Carolina-based Wachovia who previously analyzed currencies at the Federal Reserve. Investors are dumping dollars, lured by higher returns elsewhere. The U.S. will grow more slowly than Europe for the first time since 2001 and Japan for the first time in 16 years, the IMF forecasts. The difference in yield between 10-year German bonds and Treasuries has shrunk to the smallest since 2004.“
These thoughts and Keppler’s analysis suggest that my shift into European equities and currencies in April may still make sense in May.
See an even more incredible change and triple profit opportunity in Ecuador at Ecuador Currency Opportunity
Until next message may all your investments double!
At our upcoming IBEZ in N.C., we will update our latest multi currency portfolios and much more. Join us May 25 – 27, 2007 at the International Business and Investing Course in North Carolina . Thomas Fischer joins me to update global economics there. International Investments and International Business Course, West Jefferson, North Carolina, May 25-26-27, 2007