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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST
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To: TobagoJack who wrote (47604)3/19/2009 3:40:01 AM
From: elmatador  Read Replies (1) of 217862
 
Globalization was delayed by bubbles. Clean up was done between 1980 and 1997. It was healthy and created a lot of efficiencies in the world economy.

Then stopped. The clean up did not proceed apace because its need was masked by artificial creation of false wealth.

There are two types of wealth artificial creation:
Argentine type: Default

OECD type: bubbling

Both give a sense that Argentine type you use money and have not to pay for it.

OECD type you don't have the money and it appears out of thin air (when fleecing cannot be done).

The pernicious result of both is that delays poverty and the soltuon to deal away with poverty. Because it for sure was artificial wealth.

per·ni·cious
–adjective 1. causing insidious harm or ruin; ruinous; injurious; hurtful: pernicious teachings; a pernicious lie.
2. deadly; fatal: a pernicious disease.
3. Obsolete. evil; wicked

But there is a limit for everything. And that limit was reached mid-2007. August 2007 to be precise. Note that in 2009, it is going to be already 2 years of winding down the sequence of events.

Now how many years -given the inertia of the system- do you think it will take to hit bottom, stay at the bottom, create impulse to come out and move up.
This is decade long process we are talking about here Mr. TJ.
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