Hi Maurice,
Message 17475045
<<Zhu ... didn't say that gold and platinum would be the pillars of China's economic growth for the coming decades>>
You are correct. But, as usual, you may be lost. This is what I think, (a) his financial gofers at the People's Bank of China (PBOC) did say gold and a shifting (toward Euro) mix of currencies will be the foundation of China's financial reserve, and (b) given China has been importing 1.0 out of 3.5 million ounces of newly mined platinum per year for jewelry, starting from zero in 1994/5, the hoard is building a growing hoard of rainy day reserve.
By your comment, I see you do not believe, yet, you will learn then experience, or experience and then learn.
BTW, the kiwi currency is looking peakish after its 16-months' run:0)
Message 17473585
<<For all the progress, creativity, technology, genius, political hissing and roaring and struggles over eons, here we are, right here, right now.
Actually, looking out my window, it's very, very good!>>
As I had mentioned to MeDroogies sometime ago, anticipation is a survival trait.
<<My bet is that things will get better and better as always, with just the dips on the road to nirvana being [relatively] minor judder bars>>
No you are not. You are betting that some of the dips will separate the axle from the carriage of the fellow convoy SUVs.
<<Mao's Great Leap Forward and Cultural Revolution is another detail of history>>
I look upon these events in the optimistic and the positive, in that they serve to disillusion the ordinary Chinese everyman from politics forever, thus enabled to concentrate on helping to bring on that nirvana-esque world you speak of. Thus, in a sense, you are right about <<these details continue to have a major impact on our lives>>, meaning deflation of manufactured goods, and spread of reinvented democracy.
<<is also the risk that such ideas will once again be brought to bear to get the masses properly ordered in collective harmony. When authorities [and masses] see ructions and economic disruption, they are inclined to take some strong if stupid actions>>
Yup, happening all around us, with more frequency and severity, but only if one looks for the signs.
<<The advisors, expert though they may be, will be struggling to keep things on the road to peace, light, harmony and happiness>>
My bet is that they will fail before what naturally happens next, naturally. What is my main reason? The experts have been trained to think exactly alike, as in this organization. All diverse gene traits filtered out, guaranteeing nothing going absolutely right, and all happening totally wrong:
quote.bloomberg.com
<<But things can get better too>> I do count on that, in that folks must be sheltered and earn a meal, needing permanent monetary asset they can count on.
<<I'm going to make it better by going to play golf>>
I will work, swim, nap and cook dinner today:0)
Chugs, Jay |
