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

To: westpacific who wrote (86326)	9/14/2007 1:50:45 PM
From: benwood	Read Replies (3) \| Respond to of 110194

Good advice, all of it. I think the best lesson to teach youth today is "delayed gratification" -- so few save up to buy things that are simply not that difficult to save for. But it is a societal problem, done at all levels, and explains why debt levels of individuals, cities, states, country continue to accelerate. There is no concept for most in the idea of saving up and buying something out of pocket. Imagine a county building a sports stadium out of pocket by taxing for 10 years, earning interest all the while, and then building the stadium, maybe paying five more years, rather than selling bonds up front and paying those off over 30 years. Or a person saving up and paying a big down payment on a house. And a smaller house needs less ongoing support -- energy, water, interest, taxes, upkeep.

To: westpacific who wrote (86326)	9/14/2007 2:11:42 PM
From: RJA_	Respond to of 110194

West -- I am checking into ENP... Can you suggest some others with good reserve live, and good dividend flow? 6 - 10% would be great... I used to own Can Royalties until the Torries imposed a major tax increase... Thanks! RJA