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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 366.09

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Nov 6 4:00 PM EST

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To: TobagoJack who wrote (92952)	7/28/2012 9:53:24 PM
From: Maurice Winn	1 Recommendation Read Replies (3) of 217556

Indeed: < Most of Europe is not splashed w/ housing bubble, and homes are inexpensive except for where 'foreigners' aggregate (London, Paris, coast of Spain, etc, but certainly not Berlin) > There are some English still on the street where I live [temporarily] in London. But one million pounds is real money for a pile of bricks, which I watched with grandson, being laid to make a new wall yesterday. Many voices are unintelligible and on inquiry they are from everywhere. A million pounds during the British Raj would have got a railway a good distance. At that time the unit of economic activity was the brick. Millions and billions of bricks were made and laid. Maybe trillions I guess world wide since a million people need a lot more than 1000 bricks to make a house. The unit of economic activity now is the pixel. Quadrillions of them are cerfing through Cyberspace as we speak. Where foreigners are not, stacks of bricks are passably priced. In Spain, I dare say property prices are more reasonable now that the speculative mania has ended and collapsed. Unemployed people can no doubt be employed there to build houses at far more moderate prices. Greece could enjoy a huge building boom and booming economy in short order by sensible reintroduction of and leading the world in democracy of the new age. Lacking imagination, they won't do it. It being you know what. Mqurice

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