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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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To: elmatador who wrote (15340)3/14/2007 1:40:09 PM
From: Slagle  Read Replies (3) of 217927
 
Elmat,
To a very few globalism has been a great thing but has been an all around disaster otherwise. I think it is a temporary aberration and doesn't deserve to survive (and won't survive long term) not unlike European colonialism or the opium trade. I don't intend to make it personal, I know it has been good to you and to me also, to a degree. And there is no need to list all the common criticisms, be they social, medical, cultural or environmental as you know them well.

How will it end? The world is overdue for a big war and in time one will come and global trade will grind to a stop. Maybe resource depletion will do it. There is no possible way that there will be available to my children and yours sufficiently inexpensive energy for them to fly all over the world in jumbo jets like we have done. There is not enough farmland in the whole world to produce an amount of "bio-fuel" equal to current consumption. Do you think Boeing or Airbus are working on ethanol powered jumbo jets? Ditto for the wasteful practice of shipping simple consumer goods half way around the world due to marginal price differences.

But the main weak link is that for globalism to continue the global elites must be able to buy off corrupt national politicians all over the world. This is the primary function of all the "tax haven" and "offshore banking" regimes around the world, to facilitate this form of theft. Otherwise, what is the purpose of "offshore banking"? <grin> For STEALING, of course. This only works with a "superpower" protecting this racket. Some day, maybe some day soon, it will fail.
Slagle
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