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


To: 8bits who wrote (66651)7/22/2006 1:16:36 AM
From: shades  Read Replies (1) | Respond to of 110194
 
$750K FDIC Insured at Countrywide

Message 22615234

100k becomes a zero or effectively a zero..

Why aren't all the zimbabweans fleeing to Miami?

Strictly speaking I could melt all of them and still get a high percentage of their value.

Their VALUE - I guess we get into the recursive VALUE question again. If you come to my orange grove with a shiny metal dying of thirst and starvation and say give me an orange shades and I will give you some shiny metal - if I am so desperate for your coin - why not wait a few hours - let you perish - and then have both the orange and the shiny metal? Your shiny metals value suffers some of the same silly memes as the 2 million dollar stamp. Niether has a real use or will feed you at my orange grove - but you hope in a crisis some crooked authority figure will VALUE letting you live and only taking your gold while allowing you to flee down the river. I wonder why the aztec guy didn't just say - here spaniard - take my gold - please let me live - or why the spaniard didn't say - give me your gold and you won't have to eat my sword. Obviously VALUES change from society to society and person to person - pray that if/when that day comes - the person you are trying to buy that river ride from is not my indian friend - you will not survive the day.

My worry is more that other citizens are going to go amok under dire circumstances.

Nawlins was proof when times get bad some revert to their inner monkey. Would those roaming death squads had let you live if you had given them some shiny metal? Or would they have just shot you and took it from your dead corpse?

Two, I guess you don't know anyone has fled a country for their life. Frequently your first stop is not your final destination.

I read during clintons day 800K brown people got executed in foreign lands - I still believe if it gets so bad here around the rich retirees that I am having to bribe people with gold to save my life - it will be worse anywhere else.