<Is inflation the enemy, or deflation the clear and present danger? I do not know. Neither do you.>
Jay, judging me by my actions, not words, I have a leg in all three camps:
1.....Deflation = okay, I have cash [but the shares will drop relative to $, but not compared with what I can buy per share, and the house provides me with a place I want to live in]
2.....Inflation = okay, I have a house and assets [the shares will inflate along with other numbers with $$signs attached and the house will maintain relative value, though the cash will be trashed until interest rates soar]
3.....Neither = no worries, I have investments which will earn heaps as people bustle around in hope and energy, buying, selling, working and socializing in 3D and cyberspace]. I can live in the house. The money will earn more as interest rates go back up.
As currencies grind against each other and all competitively print, I have value in US$, NZ$ and returns on investment from China, Japan, Korea, USA, Canada, South America, Europe, India and most other places too, channeled via QCOM which is protected by King George II [who likes the taxation flow from the Q empire]. Because of demand and low interest rates, a LOT of currency can be printed without sending inflation soaring. China can print till the cows come home and the vast and burgeoning economy will absorb it all and be looking for more to lubricate the economic monster motor.
With total inflation and currency cancellation, I'll still have a house and QCOM. With total deflationary implosion, I'll still have a house to live in and QUALCOMM will still be selling CDMA2000 cyberphone chips. Paid for with whatever is used for currency - people will still buy booze, baccy, bananas and cyberphones. Maybe Q will be the currency. McDonalds is already using CDMA2000 phones as currency; really: nzherald.co.nz
<Mobile phones hot new item on menu at McDonald's
23.09.2003
By RICHARD WOOD
McDonald's last night gave $1.6 million worth of Nokia 2280 mobile phones to its 6500-strong New Zealand workforce to use for as long they are employed by the firm.
Staff from the 148 restaurants nationwide gathered at live concerts in Auckland, Wellington and Christchurch, and 21 movie theatres in regional centres, to be entertained and receive their phones.
Using text messaging and mobile internet services, the phones will provide staff with regular incentive competitions with prizes including home theatre gear and a Nissan Skyline coupe.
Initially text messaging will be the backbone of the system and ultimately a menu system will cover staff rostering and company information.
The phones are on Telecom's 027 network and can be used by staff for their own purposes at regular prepay rates. When staff leave they can buy the phone or return it to McDonald's.
McDonald's spokesman Liam Jeory said just having a phone was something a lot of young people aspired to and this gave McDonald's something to differentiate itself in the employment market.
Jeory said McDonald's had a challenge in trying to talk to all its staff at once because of shift work.
"You can talk to their managers, who might talk to them. The message can get lost or change."
The texting feature will be particularly useful in finding additional staff members when someone is off sick or otherwise fails to turn up for work.>
Mqurice |
