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

To: TobagoJack who wrote (4499)	2/24/2006 12:06:59 PM
From: Maurice Winn	Respond to of 219945

TJ, I have been working diligently to balance the equation by selling those supersonic phragmented photon CDMA/3GSM/UMTS/W-CDMA cyberphones to China. They are wanting to buy a LOT more and are, as you read this, preparing to sign licences for lots more CDMA. Having seen people in China cuddling their cellphones in the same way that people do around the world, especially those under age 30, I think the equations will balance. Unfortunately for smokestack USA, the money will not be flowing to Pittsburgh or Chicago or Peoria. So it will seem to them that there is indeed something badly out of kilter to a lot of Americans. There is a tendency to worry about the trade balance between China and the USA, but money is a slippery ethereal beast and it's the total balances which must balance, not any particular trading relationship. So, China also buys oil and coal and bauxite and all sorts. Australia for example, is delivering a lot of mined material to China. They receive USD I suppose and Australians would be happy to accept those because Australians are also enthusiastic cyberphone users and, for example, those who buy Globalstar phones and service need USD to pay to the San Jose supplier, Globalstar LLC, which has apparently suddenly been valued at $3 billion or so thanks to the Ancillary Terrestrial Component [ATC] issued by the FCC [Federal Communications Commission which controls spectrum]. That will enable Globalstar to supply service on the ground like normal cellphone services. They don't have to pay for that spectrum so competitors are annoyed. Those cyberphones are expensive so there will be quite a balancing effect via that alone. I'm sure money will find a roost, like all good chickens coming home. When, in the 1970s/1980s there were "recycling the petrodollar" worries, I thought them absurd because people always succeed at spending all the money they have. Sure enough, those $$ recycled very well indeed. Then more were needed - like a heroin addict mainlining. Same now. China's cash flows and USA's trade balances will balance. The petrodollars will happily slosh around too. Many of them heading for the enormous gravitational field of CDMA cyberspace. I am diligently helping with the balances by sending those recycled $$ I receive from cyberspace back into orbit. For example, Horie's assets are for sale at a tenth of the price of only a couple of months ago. Globalstar will want to launch more satellites and I could help there [if they aren't too greedy - I think $3bn is a bit steep given their performance so far]. I can recycle a LOT more $$. I'm hoping to win a Nobel Peace prize for saving the world by recycling $$ and balancing world trade, thereby avoiding a trade, or other, war. It's tough work, but somebody has to do it. Noblesse Oblige, Mqurice