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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (40584)	11/4/2005 2:26:40 AM
From: rothbard	Respond to of 116555

Money Flow altassets.com They invest here, we invest there - are we trying to kid each other? Global trends in venture capital: a close-up view 13/07/2005. US-based venture capitalists expect to expand their global investments, with China and India among their top targets, according to the Deloitte and NVCA 2005 Global Venture Capital Survey conducted jointly by Deloitte & Touche and the National Venture Capital Association. At the same time, the United States remains the most attractive investment target for venture capital firms worldwide. Notice the good returns in foreign nations - EWZ - notice the money flow going to chindia brazil - notice the workers in the USA not getting wage increases while other nations do - the workers who will vote in the upcoming political elections - remember the air of protectionism - cogressman schumer wants to save the american worker - bhagwati wants to globalize - now remember this history: Some say financial markets are much more mature today - that funny derivatves and crooked accounting will ensure history does not repeat itself - this time its DIFFERENT. I read reports about QCOM and Big Pharma maybe cannot enforce property rights over seas - I read reports Hollywood gonna go bankrupt because china stealing all thier movies. We took the british money and never paid it back - will china do that to the western investors today? Doesn't seem like we can FORCE them to HONOR the LAW eh? In 1840's we took a lot of investment money from the british to build out our Country - then we defaulted. FREE MONEY! Today we are sending a lot of western money to the east - perhaps they will repeat history and repay us our due? I hear cronyism and malinvestment is worse there than here! 216.239.51.104 Nichols silver daniel bell price treasury&hl=en&ie=UTF-8 I haven't seen anyone reply to this, so I thought I'd comment on Joel Orosz' note from the 12/23/01 E-Sylum in which he refers to Scrooge's poor opinion of the soundness of American financial obligations with these quotes from Chapter One of 'The House of Morgan' by Ron Chernow: 'When Baltimore merchant George Peabody sailed for London in 1835, the world was in the throes of a debt crises. The defaulting governments weren't obscure Balkan nations or South American republics but American states. The United States had succumbed to a craze for building railroads, canals, and turnpikes, all backed by state credit. Now Maryland legislators, with the bravado of the ruined, threatened to join other states in skipping interest payments on their bonds, which were largely marketed in London.' Later, Chernow states: 'During the severe depression of the early 1840s - a decade dubbed the Hungry Forties - state debt plunged to fifty cents on the dollar. The worst came when five American states - Pennsylvania, Mississippi, Indiana, Arkansas, and Michigan - and the Florida territory defaulted on their interest payments.' 'British investors cursed America as a land of cheats, rascals, and ingrates. State defaults also tainted federal credit, and when Washington sent Treasury agents to Europe in 1842, James de Rothschild thundered, 'Tell them you have seen the man who is at the head of the finances of Europe, and that he has told you that they cannot borrow a dollar. Not a dollar.' Clergyman Sydney Smith sneered at the American 'mob' and said that whenever he met a Pennsylvanian at a London dinner, he felt 'a disposition to seize and divide him. . . . How such a man can set himself down at an English table without feeling that he owes two or three pounds to every man in the company, I am at a loss to conceive, he has no more right to eat with honest men than a leper has to eat with clean men.' Even Charles Dickens couldn't resist a jab, portraying a nightmare in which Scrooge's solid British assets are transformed into 'a mere United States' security.'' As you can see, Dickens wasn't the only person at the time with a poor opinion of US securities, and not without good reason! Greedy english lost thier butts - that rothschild that enslaved our forefathers before they fled to the USA got his financial butt handed to him! We used his own greed against him to finance our expansion! We beat that greedy guy at his own game! Hehe - are the tables about to turn?