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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 453.99-0.1%Feb 4 4:00 PM EST
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To: Follies who wrote (111334)3/18/2015 10:12:13 PM
From: Maurice Winn  Read Replies (2) of 220025
 
It's amusing that Metacomet thinks: <China's) economy has been growing so fast that, even though inequality is rising fast, extreme poverty is disappearing. China pulled 680m people out of misery in 1981-2010, and reduced its extreme-poverty rate from 84% in 1980 to 10% now.> China didn't pull anyone out of misery. What China's bosses did was stop crushing a billion people into misery. Stopping crushing people isn't "pulling them out of misery". The USA did more "pulling them out of misery" by buying megatons of things that were Made in China. Without the huge market outside China for Made in China goods, the misery would have continued, albeit not so fast.

I also pulled them out of misery by providing my amazing CDMA mobile Cyberspace technology. They didn't really pay me for it either and now are robbing Qualcomm of $800 million as a fee for doing business there, which they call an anti-monopoly fine. They seem unaware that we QCommies are scared of the burgeoning competition which has smashed our margins and taken business. The share price reflects that fear and that competition. Actual monopolists have no such concerns.

Noblesse oblige,

Mqurice
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