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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Hawkmoon who wrote (51923)7/30/2004 4:19:41 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Hawk, I hope the USA sticks its nose into the water between Taiwan and megalomaniac Jiang Zemin whose last thoughts of glory before he shuffles off the stage are obviously to wage war and repatriate Taiwan. I'm not paying big taxes to the USA so the politicians can stay in flash hotels and live high on the hog. I want security and civilization. I want bang for my buck.

Zemin isn't much good at history though. He went back a few hundred years to show that China should have Taiwan. He should have gone properly back into history if he wants to play that game. In fact, we can't rewind the clock. People can't split their DNA into little pieces and 'go back where they came from'. Dealing with current geopolitical reality is what's needed.

BTW, I'm serious that I don't think that democracies owe the debts that previous governments incur. While it's a lot more orderly and civilized, democracy is just one gang getting hold of the till for a few years and blowing the money on themselves and their supporters.

I don't see why vegan Greens should pay for loans for roads which they despise, to carry dead animals from abattoirs. I don't see why pacifists should pay for military equipment bought with borrowed money by militaristic megalomaniacs. I don't see why men should pay for a feminazied busy-body nanny-state which has borrowed big to 'educate' the ritalin-riddled boys on how to be good little girls.

The people who do the borrowing should pay the debts.

In the absence of a NUN, each country is sovereign, so whether the people running that country repay the debts is up to them. There's no higher authority.

In the case of a company which borrows money, the shareholders who vote against borrowing are stuck with the debt because there's a supracorporate entity which enforces the debt. The recalcitrant shareholders have the option of selling their shares and abandoning the company. Citizens don't. Though I think they should have citizenship as a private possession which they can sell to the highest bidder. I'm pushing for that in NZ.

That would make people realize just what their country is worth, in actual dollars and cents instead of some abstract flag-waving emotional nonsense. Illegal immigrants are stealing citizenships. I estimate that a NZ citizenship is worth about US$1 million. I'd love to see a Big Board with quotes for all the countries. That would create some interest and sensible political activity [politicians coming up with screw-ball ideas which crash the share price would soon be looking for a new job].

Mqurice
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