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

To: TobagoJack who wrote (10302)	10/20/2006 4:20:24 AM
From: energyplay	Read Replies (1) \| Respond to of 217881

Having bankers make the same mistake over and over may be a better outcome than having them make new, innovative mistakes. There wasn't too much of a real estate bust in the early 1990s, because lenders and regulators had learned lessons from the S&L crisis and crash of real estate in Texas. The bankers did loan far too much money for telecom, but soem of it was recovered and this built somethiing useful for the economy. Excessive telecom competition with cost saving technology drove prices down, damaging the telecom industries finances. Those telecom prices were a cost to every other industry, so the rest of the economy benefited. At one time during the late 1980s the biggest non-salary cost for Merrill Lynch has telephone and data communications, with a cost of about 800 million USD per year (from memory, so maybe not exact) That number today should be at least 2/3 lower. In a way, avoiding a boom-bust cycle in real estate lead to the super boom in residential housing prices. Caution and prudence from one decade contributes to building speculative valuations in the next decade.

To: TobagoJack who wrote (10302)	10/20/2006 8:16:25 AM
From: foundation	Read Replies (1) \| Respond to of 217881

speaking of clockwork... ... through the fog, I hear history's bell toll. ... not a repeat - but a rhyme..:-) ... and Jim states, correctly: * To lose liberty is to lose life itself. * To be a slave to any fear is living in a shameful condition. * To trade your liberty for an imaginary form of protection is an unforgivable act of cowardliness. * To bow to mammon while ignoring Fascism is to join the Wall Streets of this world. * Authoritarian Free Enterprise is the economic system supported by the political power of the West which has been instituted by the means of providing comfort before providing slavery. * Apathy, quietude and ignoring the obvious is the commission of national suicide. * The Evil Empire is a product of perception, not of declaration. * Money and debt based on any entity pervasive with the above is destined to be extinguished entirely. * Gold is honest money which is abhorred by the dishonest that support slavery, control and regimentation.