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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.87

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Nov 11 4:00 PM EST

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To: Maurice Winn who wrote (25273)	11/15/2007 7:50:10 AM
From: arun gera	Read Replies (1) of 217709

>Governments don't represent that collective. They are just grabby bosses - no more than alpha male chimp gangs. > Of course they do represent the collective. Even Saddam did represent the Iraqi collective to some extent otherwise with the number of guns in Iraq there would have been greater resistance. People pool their risks into collectives and government is one way to do that. You can view the government as an insurance company of last resort, with each citizen paying the premium in taxes. If the government collapses or a major catastrophe happens, the insurance premiums go up. Look at how the Bank of England lent 30 billion pounds to Northern Rock in UK to ward of a major crises in their banking system. It could be considered crony capitalism or moral hazard, or just the government paying off the risk takers, such as those who build houses in flood plains, during current problems, and then increasing everyone's premiums a little and the banker's premiums even more. -Arun

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