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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 396.31-0.6%Dec 31 4:00 PM EST
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To: Maurice Winn who wrote (79723)9/16/2011 9:09:30 PM
From: arun gera1 Recommendation  Read Replies (1) of 218882
 
>Mostly people are Luddites and when something is new, it is ipso facto bad. They don't think "Oh, that's a good idea." They think, "Well, that's obviously bad because it isn't sitting in my head as part of my model of reality, so there are obviously lots of reasons why it's bad. Our tribe doesn't think like that. Better attack this alien.">

Nothing wrong with the idea. Just object to the high prices you are estimating. If tradable citizenships are priced at 1 million, probably 90 percent will find another way to get it, even it means they convince themselves that they love a citizen. If they were priced at $100,000, there will still be some who will sell at the wrong time. People don't take real risks with $100,000 unless they are given easy loans to do it. Just like the real estate bubble, the tradable citizenships will not be bubble priced as your estimate unless there were easy loans.

-Arun
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