It's really the continuing shrinking of the measuring stick, Alan Green$pan's money, which is keeping prices up, rather than taxes. He has got the biggest money tree in human history and he can just go on harvesting as long as The New Paradigm continues, which seems as though there is no limit other than human DNA and that isn't really a limit either. We can now change our DNA [well, nearly].
We can become the first self-designing organism [except that females have always done that job by choosing the right stuff in their mates, leaving the rest on the DNA scrap heap]. But it can happen faster now. Women will view the DNA choices and produce the design they like.
Just as Irwin's job is to maximize the value of Q! currency, Alan Green$pan's job is to maximize the value of his currency. He needs to keep it in demand as the world's primary currency. He has to keep interest rates appealing [to savers and holders of the currency]. He has to avoid volatility in its value or people will get seasick. He needs to ensure interest rates are high enough that if people get in a real funk, he has got lots of room to print a lot of dosh, lower interest rates a lot, and keep the financial system on the go.
He has gained my confidence. The USA government uses the money he gives them to finance a secure and successful [the world's best] financial and industrial systems with secure stockmarkets, an SEC which actually jails the bad guys [unlike in most countries stock markets]. The USA government runs a military system, police and legal system which defends the financial and industrial systems against external destruction. Sure, there are glitches and heaps of people such as Morgan are unhappy, but overall, they are much better off there [financially if not in other ways] than living in Bangalore or Bombay.
That system has attracted about 30 investors [who I personally know of] to Q! and Globalstar and Techniclone from UK, Taiwan, Australia, New Zealand, whose money would not otherwise have gone to the USA.
You'll know when interest rates are too high, because I'll ditch my margin borrowings [when I see that the game is up and the lenders have figured out that they are financing my lifestyle - they'll start ditching $s and buying Qs - there will be articles in mainstream media about that sort of thing before it actually happens - then there really WILL be irrational exuberance and I'll sell everything and head for the hills, which are umm, maybe just over there.....]
Dow 16,000 Feb 2002
Dow 8,222 maybe tomorrow...
Q! 200/2/2000
Mqurice |
