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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.880.0%4:00 PM EST

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To: arun gera who wrote (97644)1/10/2013 10:01:32 AM
From: Maurice Winn2 Recommendations  Read Replies (2) of 218527
 
<Western nations are considered responsible when it comes to managing their nuclear arsenals - at the same time the ordinary man thinks that their current leaders screwed up badly when the financial explosion happened in 2008.> The ordinary man is not very bright. The ordinary man paid twice the price they should have done for a house and borrowed all of the money, with limited means of payment, so the ordinary man is a bit silly to then blame the government when the mortgagee called in the loan because the payments stopped coming. The shareholders of the banks were not too bright either, paying too much for shares which had great P:E ratios based on excessively low interest rates thanks to QE by Big Al KBE Greenspan. Some of us considered buying a house in the USA in 2005 and 2006 but thought the prices were about double what they should be. Some of us considered buying Citibank and other bank shares but decided they were too risky.

The current leaders didn't make a mistake, and neither did the leaders then. The borrowers and lenders are the people who made the mistakes. But the mistake was then made of doling out government $billions to shareholders of banks [though it wasn't a mistake so much as a vast swindle on the citizens aka the ordinary man who did not buy an excessively expensive house or over-priced bank shares].

<Western nations are considered responsible when it comes to managing their nuclear arsenals> Yes, that's correct [near enough for government work]. I'd rather France have nukes than Libya, Israel than Iraq or Iran or Egypt or Syria, UK rather than any of the third world or Argentina [or do you think of Argentia as part of "the West"], USA than China, Russia or Pakistan. South Korea than North Korea [assuming South Korea is part of "the West"].

Perhaps you don't know about Mr Proliferator Khan of Pakistan who was doing a good line in export nukes [North Korea, Libya]

<But when it comes to nations like India (1.2 billion people) and Pakistan (160 million people), they are berated like little children who have to be held back by western powers otherwise they will be showering everyone with nuclear bombs> That would be naughty little children with very nasty bossy megalomania tendencies. I doubt "the ordinary man" in the so-called "free world" or "the West" is much worried about India's atomic bombs. Pakistan's are another matter altogether. Islamic Jihad armed with atomic bombs is not a wonderful thought.

Imagine if Osama bin Laden had been able to deliver an atomic bomb in the boot of a car to the parking araa of the Twin Towers. If the ordinary man can't imagine that, then the ordinary man is lacking in imagination. I take it you know that Osama was happily ensconced in the protection of Pakistan's bosses [not necessarily all of them, but enough].

Mqurice
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