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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.70+1.5%Jan 26 4:00 PM EST
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To: TobagoJack who wrote (51252)6/13/2009 1:46:14 AM
From: Maurice Winn3 Recommendations  Read Replies (4) of 219786
 
It's odd that a professor of economics who won a Nobel Prize in economics [I guess] can write such a load of drivel. <Joseph E. Stiglitz, a Nobel Prize–winning economist, is a professor at Columbia University. >

I was going to respond on a couple of points, but as I kept reading, it's just a litany of rubbish.

Just one, for example, he said Britain had nothing to sell except opium so tried to force Chinese to buy opium. It's not possible to force people to ingest opium or even buy it. In fact, Great Britain had a huge industrial revolution underway and the vast array of products from that revolution was available for sale = steam engines, steel mills, machine tools and everything else.

With such hopeless thinking from a supposed expert, we can reasonably assume that the man in the street is even more clueless and will come up with even dopier ideas. The man in the street elected Obama and now they are getting what they voted for, good and hard. Ron Paul got negligible support.

Maybe I had better locate some bars of gold and get a few quotes. Perhaps a big pile of coins would be better - more easily transacted.

Mqurice
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