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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: glenn_a who wrote (12581)	4/25/2004 11:19:19 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 110194

Glenn thanks for the lengthily description and would agree to the mistakes made by the French and Brit's by ignoring to many minorities who were wiped out by means of slaughter by the arabs .... but try history to the days of the 7th century, the days of the Crusaders and middle ages at a time that the US was non - existent and UK and France only emerging as local powers - you will find the arabs (even before the emergence of the Crusaders) were preaching the same violence to impose their religion for power and land grab as it is preached today. A obscure tribe from the Arabian Peninsula extended it’s power by religious justification of the “JIHAD and SWORD” as a justified tool of propagating religion” from the borders of India to the Mediterranean shores, the Atlantic Ocean and Iberian peninsula ….all in the name of God and it’s messenger, will not go over the issue of the Balkans, Romania / Ukraine and Caspian basin etc. Therefore do not blame it all on the US even that it's history is ripe with wrongs..... but we have evolved and corrected .... and I think very few others did. Thanks for responding and I think this tread is not for this discussion lets focus back in the Credit Bubble and the direction of the US economy and it’s currency

To: glenn_a who wrote (12581)	4/25/2004 12:07:50 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

nice post, Glen... I'm sure the Iranian people really would have got the whole democracy thing wrong well, "liberal democracy" has two parts--"liberal" and "democracy". according to Fukuyama, "liberal" means indivudal rights, especially property rights, are protected by the state. "democracy" means leaders are chosen from a universal electorate by secret ballot in multiparty elections. thus a society can be liberal without being democratic, as in 19th-century Britain; or democratic without being liberal, as in Iran. since property rights are essential to sustained real growth, the liberal part is actually more important than the democratic part. in fact, there are arguments that democracy stems from property rights, not the other way around. this was the case in the Greek city-states, where democracy was preceded by the development of property rights in post-Mycenaean Greece--basically, small landholders with secure property rights were more efficient in farming than their feudal counterparts, which led to timocracy (voting rights for landholders) and eventually 100,000 property owners with avg 10-acre plots in 700 BC. later democracy developed for landless citizens. but that was all wiped away by the Peloponnesian War. liberal democracy then developed in fits and starts over a period of 2000 years in the West. as recently as 1790 there were only 3 liberal democracies (Britain, US, and Switzerland) and 13 in 1900. this rose to 61 in 1990. it is highly stupid of America to think they could simply transplant this system in a few months to Iraq at the business end of a gun.