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

To: Ilaine who wrote (10372)	10/22/2006 4:28:47 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217906

CB, you have just surprised me. While I have not believed the usual ideas that it will take China half a century to catch up to the USA in GDP and that their economy is now only the size of Luxembourg, I haven't bothered actually checking, other than by a bit of a look around and keeping an eye out, just how big the economy is. It has been very obvious that China is NOT going to take 100 years to catch up. For example, they don't have to go through the industrial revolution, twisted pair telephone, and decades of development. They step straight from the stone age into CDMA-powered phragmented photon cyberspace. They won't own a Commodore 64 before upgrading to a 286 and thinking they are doing well. Their first cyberphone will be more powerful than any computer I have ever owned and it will do vastly more. And, it'll cost a fraction of the tens of thousands I have spent on computing. They can climb straight up on my shoulders and get the latest at bargain prices. What's annoying is they are such whiny cry-babies that they want to steal my CDMA technology without paying the derisory royalties required. $7 trillion is real money. So I asked Google and the USA is only $11 trillion. At a growth rate of 10%, China will very soon be bigger than the USA. Wow, that's very interesting. That means that they really will be the world-champion buyers of CDMA cyberspace when they stop mucking about and let people buy things they want to buy instead of continuing their Kremlin-style central planning authoritarianism. Which is excellent. I had better start ordering some luxury appliances such as a Lexus lexus.com and a Cessna Mustang mustang.cessna.com Mqurice

To: Ilaine who wrote (10372)	10/22/2006 7:52:30 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217906

<<I doubt very much that Chinese money, with a real GDP of about $8 trillion based on PPP (purchasing power parity) rather than the official exchange rate, is sufficiently backed by gold, either, but I don't expect yours to break, anymore than I expect ours to break, now that they just give lip service to the official exchange rate.>> ... since when is the RMB a global reserve upon which the global monetary system is based? Of course I do not expect the Zimbabwe monetary system to break. I do expect the current defacto global system to first rust, as it is, then break, followed by crumbling, and finally collapse. Don't you?