Jay, I'm perfectly positioned for US$ devaluation and zip.zero interest rates and for us all to be flipped around the cusp into the 21st century eclectic economy and technology. Already, my little NZ$ cash hoard is rising [bottomed several months ago] vs US$. Q!, the harbinger of the new economy is rising along with sales and profits powered by demand from around the world and soon, most importantly, that potential economic behemoth, China with 1.2 billion including hundreds of millions of little emperors.
Westerners have an arrogant attitude towards China. China had a century of muck and mayhem which concealed a civilized, intelligent culture bubbling under the surface. Hong Kong is a manifestation of what might be. So is Taiwan. So is Singapore. So is South Korea [not exactly Chinese, but comparable].
Westerners [probably more so 20 years ago than now] thought China was 100 years behind and it would take generations to catch up a little. They ignored that a baby born cares not a whit for history. They fulfill their own DNA music starting from when they are born. In a single generation, they can go from the stone age to the 21st century. They never had copper wires, so go straight to cdma2000. They never had fax machines and golf ball typewriters - they go straight to China.com and email. My head is full of industrial age muck which is of no value in the 21st century. A baby born in China today is 50 years ahead of me. I am not 50 years ahead of them. Paradoxically, I lose ground by having the age and technological edge on the baby born straight into the 21st century.
China has the population, the civilization [Mao and mayhem notwithstanding] and soon the technology. The smart young things are studying CDMA in Peking as I write this. They have had CDMA available for years while I'm just getting it in New Zealand this month!
While I write this, there is a Knowledge Economy conference on in Auckland, with experts from around the world, pontificating about it all. China [and me] are just doing it without discussion. We are going flat out right here, right now.
No, I wasn't suggesting you buy Q! [though it's probably not a bad idea]. I think all that new stuff [the good ones, not the bad ones like the dot.gones and Globalstar though I remain uncertain on which is which] is the best place to store value and invest and protect capital. Even in the midst of mayhem I think it is the best place to be. If the dollar crashes, those CDMA sales in China will simply be reported as more dollars than previously [unless all competitively devalue their currencies in which case general inflation will result in higher sale prices, unless deflationary pressures remain so great that massive printing and zip.zero inflation continues].
Must go,
Mq
PS: We aren't watching history up close, we ARE history up close. |
