Hi DJ, <<"Triangulation of tradeoffs. First, ... United States to purge its post-bubble excesses; second, ... rest of the world to wean itself from excessive dependence on the U.S. economy; third, ... policy makers to avoid the deflationary abyss">>
... as you had pointed out earlier, a revaluation of gold will accomplish all three aspects of the triangulation pronto;0)
<<Great. I'm all for it. When do we start (sg)?>>
Tough question, because ROW has no particular inclination to wean itself off the US consumer out of greed, even as they hold on to their USD out of fear for other currencies.
So, slowly, the frog gets boiled.
<<(snow)cold>>
I cannot relate to either concept. The weather here is perfect, as long as you like 24-27 C, 89% humidity, occasional showers.
A side note, we in HK are discovering that the round and round debt funded life style not working too well if the circular chain of debt/credit/debt/credit is not long enough:0)
hongkong.scmp.com
QUOTE
Thursday, September 26, 2002
Waiter committed credit card crime 'out of love'
MO PUI YEE
A waiter dumped by his girlfriend still loved her so much that he helped to pay off her credit card debts - using a credit card he stole from her.
When she threatened to tell police, Ho Siu-wai imprisoned and assaulted Cheung Siu-wai, the District Court heard.
Ho, 25, admitted stealing two cards from Ms Cheung's Sha Tin home and using one of them to buy a mobile phone that he resold for $2,500. He then gave $2,000 to her.
Barrister Alice Lee, defending, told the court that Ho, who was unemployed, loved Ms Cheung and wanted to help her.
Judge Judianna Barnes Wai-ling, said his chosen method of assistance was "very strange".
"On the face of it he's showing kindness to her but in fact he's stabbing her from behind [by incurring more credit debts]," Judge Barnes said.
The court heard that Ho and Ms Cheung, 24, met in February last year. They started living together in June and in November moved to Sha Tin to live with her family.
But after Ho lost his job in April, the relationship turned sour. The couple broke up in May, Ms Lee said.
As well as the two credit cards, Ho stole a lighter, a pendant and a bracelet worth a total of $3,000 before he moved out of the Sha Tin apartment in early May.
On May 14, Ms Cheung, a hotel worker, discovered the items were missing and told Ho she would tell the police unless he returned them, prosecutor Ernest Tang said.
Ho met Ms Cheung on May 24 in a friend's flat in Mongkok to ask for more time. When she said she had to go after receiving a phone call from her new boyfriend, Ho punched her in the head.
Ms Cheung then received a chance call from her mother, who alerted police. Ho was arrested as he left the flat later that night. Police found a 30cm beef knife in his rucksack.
Ho pleaded guilty to two counts of theft, one of obtaining property by deception, one of false imprisonment, one of assault occasioning actual bodily harm and one of possessing an offensive weapon.
Describing the offences as "bizarre", Judge Barnes adjourned sentencing until October 11 for a psychological report.
UNQUOTE |
