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

To: TobagoJack who wrote (45897)	1/27/2009 3:35:09 PM
From: Snowshoe	Read Replies (1) \| Respond to of 219723

>>that path is to wastrel land<< That's the whole objective. We need to restore the global balance of wastrelism! <g>

To: TobagoJack who wrote (45897)	1/28/2009 1:44:50 AM
From: Maurice Winn	2 Recommendations Read Replies (2) \| Respond to of 219723

TJ, that's wrong [as usual]. <the correct path - cars should be bought with 50% cash down> Cars should be bought with pure cash, no credit [unless at low interest rates secured by solid assets such as houses at 50% maximum mortgage]. Paying 20% depreciation and 15% interest rate makes new cars too expensive. Buy a cheaper one without debt, catch a bus or train, walk, bicycle, taxi, rent a car, move closer to work, etc. Borrowing to buy a new car is not much better than borrowing to go to the pub. <- cash should be 100% backed by gold measured oz for set cash> Gold will have nothing to do with money. Money is an abstract medium like language, music, weights and measures and love. There's no need to attach it to a ridiculously heavy artifact from a star. It is only while we emerge from thousands of years of chimpoid found-wealth materialistic ativism that gold has a place. Be patient, I'm working on Qi, but Rome wasn't built in a day. Heck, even CDMA took a couple of decades. Now you are loving CDMA after years in dark ages denialist Ludditism. <- debt default should be punished via recourse to all other asset> Debt default isn't a matter of punishment, just collateral recourse as per the contract, limited to certain assets if that's the agreement. Punishment is for bad behaviour which involves intent, or malign neglect, or wilful ignorance. <- debt collection should be achievable through any judge reading the specific contract and simply issue a wind-up order enforceable globally> Yes, debt collection should be simple, quick, and cheap. Wigs and pontificating judiciary should not be required. Enforceable globally might be problematic because judges tend not to be universally enlightened and unbiased. The enforcement should logically be in the judiciary of the contract. Imagine a Chinese judge enforcing a Swahili Kenyan contract between a Swede and a Canadian. Mqurice