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

To: elmatador who wrote (8913)	9/4/2006 6:59:04 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 219502

ElM, sure, the globalisation process is continuing apace. So people are filtering through the borders and capital is moving around and so is knowledge [education]. But this theory is false:<We have to understand that economics as a science was made for a time the world faced scarcity of everything. Educated people and capital. Those basic rules are no longer valid. > While there are prices attached to things, they are in short supply. Even if a price isn't attached, such as you helping your Experiment, there is a price = while you are doing that, you can't be doing something else and she rewards you with a smile or a hug. While air is still free to consume, it is in short supply in that pollution has become such a big problem in many countries that a substantial price has been attached to polluting it. There is not much which is so prolific that it has no price attached. Oddly, some of the most valuable things, such as English, have no price attached, no royalty, no annual fee, no permit required to use it. There is any amount of it that you want to use. If it went away, and native English speakers spoke local dialects [Americans spoke Eskimo, Sioux, Pueblo or whatever], English spoke Welsh, Irish or Latin, Kiwis spoke Maori, Oz spoke Abo the cost would be vast. Umpty $trillion in value would go away. Currencies are like local languages. Absurd relics of the Aztec era. When Mq gets his Qi up and running, it will be like English. Free to use, immensely valuable, no intepreters at the border to turn your shekels into rupees or dollars into yen, no inflationary dilution by rip-off governments, no banks extracting fees at every turn if moving it offshore and taking days to move a bit of money. How the hell can they take days to move money when they have computers? I'm sure a wayo man could figure it out. They have possession of the money, interest free, while it is in limbo. The Qi will be worth about $10 trillion, and it will cost almost nothing to produce. A bit like English. Sure, it costs a bit to invent, but not a lot and then everyone can use it for no charge for as long as they like [there is a small charge for moving bits and pixels through cyberspace, but that's not much]. To move the word "money" to your screen, cost near-zero. Same with moving Qi. To move "Q45" to your screen will cost near-zero too. Mqurice