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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Stock Farmer who wrote (28374)	2/3/2003 3:27:52 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

John, it's irrelevant for standardizing the Q to worry about normal limbs, obesity, thoughts or tooth decay. We are measuring pay rates. A single variable. We are not determining the pay rates, we are measuring them. We survey pay rates to see what is happening. People now have a pay rate. My guess is that the median pay rate for all paid humans is about $1 an hour. Note that this isn't an average of all pay rates. The median means the middle person when pay rates are arrayed in order from top to 1c per hour [= $20 per year; nobody is paid less than that per hour]. I'm know you know what the word median means, but perhaps other readers don't. The median is not the mean. Then again, maybe the mean would do as a standard. Maybe it would be better than the median. I can feel stock options accounting and fringe benefits coming on... groan... In the USA, the median pay rate would be somewhere around $15 per hour. In NZ it's about NZ$8 per hour. In India it's about 50c an hour. In China maybe $1 an hour. For the purposes of measurement, there'd be some trickiness where currencies aren't convertible and must be done on the black market. Those are relatively few these days. <the degree to which two humans would agree on application of the measure.> Few humans have a clue how the US$ is based. Those in the know disagree on how it should be based. But the near-enough formula works just fine. The rest of us are happy enough that they are doing a good enough job that we can rely on hedonics whatever it is consumer price index something or other to do with inflation. There's no need for pefection. The median human hour value is not changing very fast at all. But it is changing. I used to work for little money, then my pay rate went up as I required more to perform, until I was well enough off that they couldn't afford me any more [because other people would do what they wanted for less money]. Around the world, people are getting richer. They must be paid more to get them to work. When everyone has enough things and stuff, it'll take a lot of money to get them to do something somebody else wants them to do if they don't really want to be doing it. So the world median pay rate will rise. With the Q acting as a standard, the number of Q in circulation would have to be reduced to retain it's value as being worth 1 hour of the median human. Eventually, as with Karl Marx's withering of the state, when all humans have moved right up Maslow's hierarchy of needs, the last Q will disappear and people will all be self-actualizing. Money will be obsolete. I think we can safely say that that Utopia is some time away. The Q will have had its product life cycle. Initially, the Q would need to be started with somebody big enough to get it going. Hmmm. Well, not really, but it would get some critical mass if it wasn't founded on my small convertible reserves. It would be far more likely to succeed if QUALCOMM put up the brains and Microsoft put up the money than if I put up both the brains and the money. It would certainly succeed a lot faster than if I do it myself. Then again, after 4 years, it could well go critical. It's one of those network-effect things where it can get big in a big hurry once a lot of people hook onto it. Since it's a massless cyberspace thing, it could grow at any rate. The limit would be people buying the cyberphones to do their transactions. GSM phones are no good. So it'll be a few years before Europe is ready. Gold is limited as a currency because, although it's perhaps immutable [though my GSRS-powered proton removal system applied to mercury will change that], more of it can be dug up or extracted from the ocean. For gold to be the world's currency, it would have to be worth $10,000 an ounce or thereabouts. At that price, extracting it from the ocean would be economic and we'd end up with the biggest industry on earth being gold extraction. We'd be like the Easter Islanders. People in centuries to come would wonder what the heck we were thinking. Maybe I'll just invent the Q myself and start trading it among family and friends and see how we go. With only 6 degrees of separation between people around the world, it could grow very quickly if it is popular. Unicom in China has now started a cdma2000 1xRTT and India is coming on line too with CDMA [with a few birthing pains]. That's a lot of people. Korea, Japan, USA, Canada, Mexico, much of South America, well, if we include Globalstar, nearly everywhere is covered globalstar.com So a lot of people are potentially able to buy some Q with their money or their efforts. The whole point is, who do we trust most? Uncle Al? Europeans? Sea shells? The UN? I say we trust We the Sheeple, especially in this, the year of the sheep. We can cut loose the yoke of statist thugs, democratic kleptocracy where one lot votes to take other people's money, central banker self-dealing and other wiles of the world. Mqurice

To: Stock Farmer who wrote (28374)	2/3/2003 3:50:40 PM
From: Maurice Winn	Respond to of 74559

Exploration. Wheee.... See what I mean: <...The earlier stage exploration plays are also beginning to attract investor interest. Much of that interest so far has been coming from industry players. The people that work in the industry, or have followed it closely for a long time, recognize that the gold explorers offer huge upside potential for exploration success. They also know that investor interest will soon be returning to this sector in a big way. With the gold price now on a firm upward trend, all of the major gold producers have cranked up their exploration programs. The industry desperately needs to find new deposits to reverse a two-year decline in production; and in fact the industry must find 80 million new ounces each year to simply replace annual production. All of the majors have made joint ventures with junior companies an important part of their exploration strategies. The reason is simple – the juniors have always been the most successful at making new discoveries: They are more adventurous, more creative and faster to react. The wave of mergers that swept through the gold industry did nothing to find new deposits. However, it did increase the hurdle rate that new deposits must meet to have any impact on these ever-larger companies. As a result, the exploration focus for the major companies has shifted to areas that hold promise of delivering large deposits. When an area with the potential to deliver large new deposits happens to be in North America, so much the better. This issue updates the Botwood Basin region of Newfoundland, an area that has the promise of replicating the enormous Carlin Trend of Nevada, the world’s second largest depository of gold. At least one major has made this region a part of its exploration strategy, and has done so by way of a joint venture with a junior. Any other major that wants to get involved in the region must work with the juniors, as virtually the entire region is now in the hands of junior companies.... continued...> I am seeking investors to participate in a giant gold prospect at Easter Island. Not only is there gold in vast quantities in the lower eocene stratas recently exposed by wave action, there is vast gold reserves in the surrounding ocean. We can build a $multitrillion industry extracting gold. Already the price of gold has stimulated frenzied interest in new production [see above]. Imagine what it'll be like when gold forms the world's currency and gold is $2000 an ounce, or $10,000 an ounce. The existing stocks would need to be valued that highly to replace the fiat currencies of the world. We could make gold heads to sit alongside the Easter Island heads. Those could be symbolic guardians of the new monetary nirvana which gold will bring. It would be like the fabled El Dorado and King Midas combined, on a vast scale. The Q would be a lot easier and less embarrassing. Imagine, here in the beginning of the 21st century, we have the Crusades on, with Moslems smashing planes into the Twin Towers and Aztecs foaming at the mouth over gold. Mqurice