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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (337)	12/11/2006 1:42:25 PM
From: Maurice Winn	Respond to of 621

Hi jfred. That all make sense to me. My hope is that house prices in the USA will drop enough, but slowly enough, for the market to clear. Big Ben is in the happy situation that Uncle Al KBE got interest rates back up to a reasonable level and that has applied for a while now without the housing bust. So, there is a large cushion which has built up. They can slash interest rates again. I would like to buy a house in Honolulu and one in San Diego area and possibly another in New York, so there are buyers standing by. Many people around the world would like to buy a house in the USA. Not, of course, at current prices. I mean reasonable prices - maybe a third of what they are now. You know, it's almost a decade now that we have been watching, waiting, for the cascading deflationary implosion. I spotted BigFoot, the Abominable Snowman and Yeti, but no yellow-eyed Deflation monster. Uncle Al did what I thought he'd do and succeeded admirably. I think Helicopter Big Ben is well-positioned for the remainder. As they said, people have not noticed that there are 6 billion of us entering the a globalized economy, which masks the pixelation of mega$billions of new US$ and prevented inflation. Also, there is the vast deflationary effect of technology improvement - a calculator cost me 100 pounds in 1974 and the same one now is a few dollars [heavily inflated dollars]. A computer in 1986 cost me heaps and it had two floppies and no hard driver, running on a pathetic ASIC. Now, cyberphones are available which are vastly powerful and cost nothing [the computing power is thrown in for no charge along with the good old voice function]. 6 billion of us entering that world! They can mask a LOT of new USD and other currencies = if they all go together, each currency remains equal with the others, give or take a bit. The printing press is ever popular in fiat currencies where the owners of the press are not the same people who hold the currency. Mq is plotting the overthrow of all those fake currencies, based on lies, fraud and theft, albeit legal theft. Mq's Qi cybercurrency prototype is working well. Soon to be available at a store near you. Gold will NOT be taking over as the world's currency. Gold is so 18th century [and earlier]. Mqurice