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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: Chas. who wrote (39517)	9/4/2008 12:21:43 AM
From: energyplay	Read Replies (2) of 217917

I don't think the number is still that high (800 million) Out of 1,300 million people, I think there under 400-500 million in serious poverty. Most of them are located away from the coastal areas. Per capita income on a PPP (purchasing power parity) basis is about $7,800. Anything over $12-15k becomes middle class, or close to it. I expect about 25 to 40 million people move out of serious poverty each year. Most of them move to something we would consider "tight" or maybe "okay", maybe with the first factory job for two family members, then make moderate progress from there. en.wikipedia.org Deng Xiaopeng and friends (and lots of hard work) moved over 500 million people out of poverty. I expect even with moderate growth, another 200+ million will move out of poverty. The people who maybe left out might be too isolated (at >$5.00 gasoline) too old, sick, injured, and/or not skilled enough to compete with Viet Nam or Thailand or India. The good news is that higher food prices = higher farm prices, and this has started to speard some money to places that are too remote for factories.

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