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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%4:00 PM EST

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To: TobagoJack who wrote (63511)5/10/2010 8:17:26 AM
From: THE ANT6 Recommendations  Read Replies (2) of 217832
 
Europe and the US can not accept the fact that they are half as wealthy as they thought.They are fighting asset devaluation tooth and nailThey are fighting a 1-2 X relative wealth fall against the emerging economies.The Greeks who had no right to live at 5 X the wealth level of the Brazilian as of 6 years ago are now ar 2 X and fighting not to go to even.The average Greek has no right to live any better than a Brazilian.The American with no education or skills has no inherent right to live above the Brazilian in the same situation.The advantages the US holds in terms of rule of law and ease of starting a business and ease of credit are overcome by throwing away our capital and incompetence of governance.The US and Europe are encouraging further capital loss.Also,if they create inflation they will cause a greater loss of inflation adjusted asset value.When will the incompetence stop?
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