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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%Nov 4 4:00 PM EST
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To: Culler who wrote (36132)6/27/2008 8:26:39 AM
From: elmatador   of 217540
 
The bankers climbed the saddle and were riding mankind. If you rent a good, you have to make that good scarce so that people pay a lot to use that good.

Bankers need scarcity of money to be able to fleece the one who needs that money. The US, pre-2006 was deriving 30% of all corporate profits from the finance sector. UK became a finance sector because it wanted to share the profits NY was having.

Cheap USD threw a spanner on the banking sector's work. There's too much money around and cannot keep it artificially scarce as when the USD was the world's reserve currency.

That amount of money now goes around the globe financing projects and creating wealth where it is productively allocated.

It is wonderful for us to see the bankers going down the drain. As long as the industrialists and the capital goods keep rolling around the world.

Scarcity of money means scarcity of everything. 9 years in Africa under my belt, mind you. Capital free to move means plenty of everything. We just have to plant, mine, ship and manufacture.

But don't tell that to the puritans, they will say: No! We have to suffer scarcity! It is there in the bible. Luckily, now the Indians, Chinese, Russians and Brazilians brought a new mindset to economics and 2we will turn this around.
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