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To: GraceZ who wrote (26382)12/20/2002 5:22:52 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hello Grace, Warning, this post is good clean fun:0)

<<One of the killers of economic growth is hoarding>>

... I appreciate your altruistic stance, bravely shopping, spending, working, not saving, always investing, and shopping some more, keeping the world's problems on your shoulders, while goldbugs, platinum worms and silver-backed monkeys hoard, selfishly, just so that they can survive another miserable day, outside of paradise, even if only to shop at another time.

<<Success is always built upon previous failed experiences, that and luck. Those two ingredients constitute evolution>>

... with your Evolution = Failure + Luck
... and given that Preparation + Luck = Opportunity, (Luck = Opportunity - Preparation),
... it then follows Evolution = Failure + Luck - Preparation
... or, put another way, Failure = Evolution - Luck + Preparation

... we are now on the cusp of discovering the secret formulae of Success, the opposite of Failure.

<<Paradise exists, but it's not a specific place and it can't be bought with money, in fact money takes you further away>>

You are going down a dangerous line of reasoning, eventually leading J6P to retirement hell, freed of money, far away from all the really nice places of this planet.

I would agree that money cannot buy happiness, but I do add that money can buy an asymptotically close approximation thereof.

Chugs, Jay



To: GraceZ who wrote (26382)2/21/2003 11:11:28 AM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hello Grace, <<One of the killers of economic growth is hoarding>>

I am killing economic growth big time now.

I understand what you believe based on this discussion Message 18609815 and I believe you are as wrong about the nature and consequence of the trade deficit as you are about the nature of wealth.

Today, I have already trimmed way back on Euro and AUD Message 18598841 and have gone whole heartedly to paper gold (certificates representing ownership in physical gold) Message 18608266

Debt financed trade deficit weakens a country, wobbles its finances, enfeebles its balance sheet and mortgages its future, puts its citizens on the treadmill servicing debt owed by outsiders, feeding assets controlled by outsiders, and tempts the politicians to inflate the debt away, even if the inflation pulverizes domestic pension pool and capital aggregation.

The game ends at some inconvenient time.

Chugs, Jay

P.S. Here I was, day before yesterday, believing thus …
Message 14861804
November 22nd, 2000

… which made me around Message 16640103 8% in 2001,

… and here I was, yesterday, believing thus …

Message 16898477
January 11th, 2002

… which netted me Message 18388681 8.86% in 2002.

The Script continues as ... scripted;0)