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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: Ilaine who wrote (21118)8/13/2007 6:52:49 AM
From: Maurice Winn  Read Replies (3) of 219172
 
...ban off/ Not really CB: <we're just looking at a massive wealth transfer from poor to rich. > What people do is use a euphemism because it's considered rude to identify the real cause. The transfer is not from the poor to the rich. It's from the less intelligent to the more intelligent.

Poor people who are smart will not be having their little bit of wealth transferred to somebody else. They won't have overpaid for a house, leveraged to the hilt with loans, which will end with higher interest payments for a house which declines in value.

The rich who are less intelligent, due to inheriting the wealth from its creator, without inheriting the brains to run it, will find, as usual, a massive wealth transfer from rich to poor. It's not many generations before the transfer takes place.

"The poor", usually is an expression which really means "the unintelligent".

"The poor" who are intelligent and have Virtuous Values will not stay that way for long.

The reason people got the big lumps above their eyebrows is because for hundreds of thousands of years it has been highly advantageous to be more intelligent rather than less. The importance of it has increased in recent centuries until now, when nobody understands more than a tiny part of what's going on and how things work. /ban on...

Mqurice
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