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

GLD 374.96

+0.2%

Nov 19 4:00 PM EST

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To: ggersh who wrote (114746)	12/14/2015 3:19:09 PM
From: Maurice Winn	Read Replies (1) of 217899

That's what governments do = concentrated benefits and diffuse costs. The electorates vote for more of the same old socialism decade after decade and wonder why their lives don't improve but actually decline relatively. Libertarian votes are near zero [partly because they have crazy ideas like open door invasion]. So the too-big-to-fail banks were made bigger. It doesn't matter if a bank fails. Like Lehman. People stay living in their houses and the debt gets halved or quartered and the bank gets new owners such as Barclays in the case of Lehman. I wanted to buy a bank or a few million mortgages from a bank but my price was too low. I would have told all my mortgagors that they could stay in their houses and owe me half as much money as on the agreement if they kept on paying and kept the property in good condition. I would have offered the bank employees quarter the pay to stay on and manage the mortgages. I would have fired the executives and bonus-taking bandits. Hey presto, no problem and mega profits for me. The New Zealand government did a bailout for Bank of New Zealand in the late 1980s, giving them about $500 million of taxpayer money to keep the existing shareholders in business. I was shocked. What a crime!! I would have been happy to buy the company at the right price. The USA bailout was 1000x as big. All currencies are not worthless. They might be, but today the US$ total is worth about $10 trillion and all other currencies must add up to about $30 trillion. Zimbabwe's currency is worthless. Unless a replacement comes along such as bitcoin [which isn't very good], the currency swindle can continue. Mqurice

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