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

To: TobagoJack who wrote (5736)	4/23/2006 12:18:56 AM
From: elmatador	Respond to of 217790

This is THE problem: Message 22381705

To: TobagoJack who wrote (5736)	4/23/2006 12:50:17 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217790

There is certainly a lot of fun to be had and the end of history is not nigh. To put the Aztecs into perspective, we are still wallowing around waiting for $800 to be reached, without allowing for quarter of a century having gone by and what that means in financial relativity theory. I shall tell myself to not let Big Ben and Uncle Sam and the bewildered electorate do me in again as I allowed a comparable situation to develop in Globalstar. I shall not tell myself that they will do the prudent thing and return learning, working, saving, investing and frugality, with family, friends, community, countrymen and globalisation, honesty, energy and charm, all vital values, to their virtuous situations in the human realm. I must remember that Globalstar management had not days, weeks or months to do things right, but years and they chose to continued on the path to failure, bankruptcy and ruin. But maybe they'll do things right. Maybe the electorate will vote to work, pay their bills, reward their creditors and restore the USD to its pre-eminent position, admired around the world, as good as gold. I can imagine some would not vote like that. I will contemplate the situation. Mqurice

To: TobagoJack who wrote (5736)	4/23/2006 12:52:06 AM
From: elmatador	Respond to of 217790

What people is forgetting is their government. It cost too much to run a government. Governments spending patterns were set at a time economy was growing, population was young and growing too, neither they had the competition from non-OECD countries. Today their economies are sputtering. Their citizens are retiring at age 46. Youngsters at age 18 to 24 are 'retired' even before starting working since they get no jobs. Their industry is being devastated. Their capital is flying out. NO ONE IS TELLING: What's the government share of the burden? This is pointing to a big problem in the coming years in OECD countries and most probably will force them to find a new political model. Which points to a nationalization of assets: banks, utilities, energy business... In a time of plenty, liberalism and democracy can flourish. In a time of scarcity the system that works is: less democracy. More totalitarism more state-ownership of assets to distribute to the masses.