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


To: TobagoJack who wrote (30240)3/2/2008 4:51:19 AM
From: elmatador  Respond to of 218670
 
The safe heaven is no longer the USD. It important to know that if a country has the safe heaven currency it wons a gold mine. Now money is harriedly seeking safe heavens.

This is very positive. Safe heaven in oil, piles money in OPEC countries. Safe heaven in commodities piles money in Brazil.

In the end there will be a basket of safe heavens:
Oil
Food
Farmland
A few currencies
Real estate
Gold



To: TobagoJack who wrote (30240)3/2/2008 11:28:20 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 218670
 
TJ, I had to teach my wife how to drive. She had her license.. but really never drove after getting it... (I could tell you stories LOL) but anyway aside from the driving.. I insisted she know how to change her own flat tire.. One time I was ill on a camping trip in shitty weather and she had to do just that... She is very independent and on two occasions has had flats on trips.. Fortunately she can call CAA for assistance with her cell... BUT she will never need to count on some schmuck to change her flat if the service is unavailable:.. likewise for my daughter..

I get your point.. but the judgment skill will be tested in some other fashion if the car is readily available... and likely a successful son will be tested by gold diggers lifelong ...

I want a picture of you on your Lawnboy cruising around Cornell ;O)

The Black Swan



To: TobagoJack who wrote (30240)3/3/2008 4:36:40 AM
From: Ilaine  Read Replies (1) | Respond to of 218670
 
Hi Jay -

I did wish my kids to learn Arabic for reasons which had nothing to do with tourism and everything to do with empire -

Turns out that the state of the American empire is parlous but learning Arabic is not key -

Re: bankruptcy, it appears that the issue isn't with the borrowers but the lenders. They decided to make a market for fraudulent loans and that's what they got. Chinese schnooks with money to burn and no way to decipher risk, is what it appears to me.

Many of my BK clients are "frequent fliers" which is to say repeat BK filers who ought to be bad risks, but not all. Most are first time filers, people between a rock and a hard place vis-a-vis crazy mortgages they never should have qualified for.

How did that happen? Somebody wanted to buy their loan. Who? Apparently someone in Beijing.

Why? Apparently you guys don't understand American deadbeats.

I would say that no more than 5% of Americans are deadbeats, it could be higher, but certainly a minority.

Don't make deals with them. Period. Not unless you want to pay tall muscular men with a bad attitude to make sure you get paid. That's a good enough business model if that is where you want to go, just not my own cup of tea if I can avoid it.