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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (10897)	5/9/2006 3:54:58 AM
From: E. Charters	Respond to of 78426

You could not sell a house in the 70's either. Reason? No money around anywhere. People just did not make enough money to have any to spare to buy capital goods or be able to loan enough. The cost of capital goods had risen so far in this country by the 1970's that it had with the exception of government salaries overextended everyone's grasp. The reason for this was the massive government spending and the impoverishment of the industrial and private sector that went on from the late 1960's to the early 1980's. The massive goverment largesse made the price of all goods purchased by government rise out of the reach of the wage earners. The only exception was goods made overseas in Asia as the wage base was low, and interest loaned to busines even lower. Asia meant Japan, Korea, and a few industrial manufacturing centers set up by western business. This was our first attempt at outsourcing. The G7 countries between 1960 and 1980 became ALL 65% service sector. Why? Because they were government contract economies. The piece of the GDP what they were service was government civil service. Canada is 65% service economy. It is also 65% civil service. I mean that the civil service budget is 65% of the GDP. Co-indidence? Hardly. The non government service is not enough economically to fill a teacup. Which were the richest economies? Germany and Japan. Why? Could it be because the still supported healthy manufacturing economies? What did Canada manufacture by the 1990's? Pencils? No. I think they were mostly made in China. Why did our industry die? Because of taxes, labour cost, energy cost (we are the biggest energy users in the world) And government expansion. Some may not think so but we have supported huge governments at the expense of our industrial research and development by one ethic. The US dollar. Without it the whole of Western Europe and Norther America would be living in tar paper shacks. Not just Appalachia. Go round the world do you see any Cadillacs? Nope. lots of Mercedez Benz, opals. VW's, Toyotas but precious few Chevy Bel Airs. Nobody could afford them. We have lived in a fool's paradise too long. The society of bloat has to die. EC<:-}