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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (2784)	12/22/2005 12:51:31 AM
From: Taikun	Respond to of 217801

Yes, I hold Yamana, but relieved my portfolio of PCU. I still like BCM

To: TobagoJack who wrote (2784)	12/22/2005 2:03:59 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217801

<china is ... pulling off an astounding transformation unprecedented, period ;0)> For sheer scale, it has certainly not been exceeded. But it's not a phenomenon of any particular merit. All it shows is that when slaves are freed and allowed to own property, and keep the results of their efforts, and trade with the world's biggest-ever economic monster, with phenomenal technological developments turbo-charging the process, they can go very quickly from nothing to global average incomes, in a single generation. IN terms of transformation, Singapore, South Korea and Taiwan have done the same, but have completed the process. The tricky part is to take over the lead. Anyone can work for less money and get their income raised to the average pay rates. To take over the lead is something else altogether, requiring creativity, freedom and fun. Repressive societies aren't strong on fun. Freedom isn't all that popular either. Creativity is thin on the ground [other than figuring out ways to escape]. It's not really all that exciting. They build new roads and they collapse from truck loads within months. Well, one anyway, that I saw. The other roads were still old-style. New Zealand underwent a comparable transformation in the 1980s. It's annoying when politicians claim credit when all they've done is get their boot of people's necks. It wasn't really a super-mental challenge to figure out that deregulating the financial system, exchange controls and so on was a good idea. China's achievement is still in the "Interesting" category, and "Watch this space". For 1.3 billion people to be overtaking Great Britain, or even just the UK [leaving the Great out of it] isn't really that big a deal. If they can catch the USA, that will be something good. But what will be more tricky is to move beyond, leading the way. That will be a big challenge. I don't think it'll happen. Cyberspace will supersede nationalistic interests, which are just swarms of Aztecs on steroids. Already, my interests align weakly with New Zealand's. Our clan could uproot and move anywhere and our interests be unaffected. Or, improved, come to think of it. Right now, 2 out of 4 offspring are overseas [London, Tokyo], living and working [though one is on holiday in Thailand, enroute back here for a while]. A third is leaving 1 January for Melbourne. The fourth is breeding [Hayes now 5 months old and going flat out, as they do]. We are old geezers, long-retired, with investments mainly elsewhere. My interests are cyberspacoid, needing nationalist services only to defend investments [which is a two-edged sword as the protection money they demand is worse than Mafia payments, though they do provide some infrastructure and other services with the money they confiscate]. More and more people earn their livelihood from cyberspace industries. Cyberspacoids must already be bigger in number than half the countries in the UN. And, we have the money too! GDP per capita for cyberspacoids is much much higher than the average Indian and Chinese peasant, and Americans and Germans too. Mqurice