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


To: shades who wrote (57457)4/4/2006 6:11:35 PM
From: Travis_Bickle  Read Replies (1) | Respond to of 110194
 
"Isnt the system designed where you dont get rewarded for hording - you get rewarded for producing and giving to the the wants and needs of others. If you dont stay competetive - you die off."

say i am capable of producing enough protein for twenty families on a daily basis through acquired skills (which I am). for that capability i receive nothing.

that is a valueless skill in today's world, because you cannot compete with factory ships that produce tons of protein each day, enough to supply thousands of people.

and thus skills die off.

maybe the factory ships will continue for all time. or maybe crunch time will come and staying competetive won't matter.



To: shades who wrote (57457)4/4/2006 7:51:07 PM
From: TobagoJack  Read Replies (1) | Respond to of 110194
 
<<What should the zimbabweans have horded then? Is future needs for 80 years of life even hordeable? Their haircuts went up 2100% - gold didn't go up that much for them did it?>>

shades, gold most certainly did rise much more than 2100% for them ...

oanda.com

2001.01.01 USD 1 = ZWD 55
2006.04.04 USD 1 = ZWD 99,443

kitco.com

2001.01.01 1 oz gold = USD 273 = 15,015
2006.04.04 1 oz gold = USD 586 = 58,273,598

... or, in the language of math = (58,273k / 15k)^0.2 = 5.220, or 4,220+% annual compounded gain, which ought to take care of some haircuts, everyday, day after day, for a whole lot of people employed as bodyguards.

Observation: Gold Is Economic Freedom, and Silver Is Political Liberty

... for the guy / gal with the foresight to hoard gold in Zimbabwe, with the right organization skills, and correct sort of friends, can take over the country and its platinum mine, which I knew at one time Message 18603576

Notice that even after I took my cut per above, Zimplat kept going uk.finance.yahoo.com , and if in local currency terms, given that AUD had risen against the USD in the meantime, the gain is also good, and takes care of hair cuts

2001.01.01 AUD 1/share = USD 0.5599 = ZWD 30.79
2006.04.04 AUD 6/share = USD 0.7166 = ZWD 71,260

Are you taking notes!!!???

Chugs, J