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

To: Maurice Winn who wrote (5441)	4/9/2006 6:12:57 AM
From: elmatador	Respond to of 218633

UAE illustrates my point of spending the oil money. The situation today in the oil producing countries differ from the 1973 oil boom years. Then, oil money, the petrodollars, were "invested" in some bottom less hole in Latin America Africa and Asia. The US -under Paul Volcker jacked interest rates to double digits and bankruptin the debtors in the process. The oil producers, now are bringing in people and spending their money inland. Mind you there aren't any country sending the USD to the US banks to "invest" like in the oil boom years of 1973. Message 22321898

To: Maurice Winn who wrote (5441)	4/9/2006 11:35:05 AM
From: gg cox	Read Replies (1) \| Respond to of 218633

This is quite a rant.. ..."I could not have achieved return on investment in NZ the way I've achieved it in my overseas activities. It is a bludger society in NZ now with most people working directly or indirectly for the government and the government piddles it down the drain. If they were building roads, bridges, dams, airports and other good things, it wouldn't be so bad, but they are spending it all on ephemeral "social" problems, creating more rather than solving the problems. My money is mostly offshore. The local yokels would destroy it if they could get hold of it. They are changing tax laws this year to do just that. Maybe I'll end up having to flee the country. They've stolen my ancestors' efforts and now they want to steal mine. Barbarians!! They are so dumb, they didn't even steal it all for their own use; they have stolen the goodies and given them away to immigrants who are happy enough [of course] to receive $2 million per capita worth of goodies for no charge. Mqurice"" Cheer up<g> how wealthy do you want to be?All you need is a slice of peasant bread with some honey , and a nice cup of tea.