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

To: elmatador who wrote (54426)	9/3/2009 4:08:20 PM
From: Maurice Winn	4 Recommendations Read Replies (3) \| Respond to of 217576

Goldism is burgeoning. The sudden rise in gold's price was a puzzle but China is pulling a move which explains it: <Paul ends the piece on Chinese gold and silver potential with the following comment: "Simply put, the Chinese government is trying to trigger a national gold craze...and it's working. The Chinese public now has gold trading platforms on steroids.... ...Also, for the first time in history, Chinese investors can even trade gold abroad (in London) with the swipe of a ‘Lucky Gold' card. I can't even get Bank of America to open a foreign currency account." > Fedism is not yet dead. "Don't bet against the Fed" is an old and wise proverb. Buffettism is still going too and note that Warren bet that the Fed and Congress would save the financial system when he bought large in Wells Fargo. AntiAngloism continues to thrive in minor jungle locations which puzzle about what capital is and how to get it away from those who have it. Meanwhile, old ideologies such as Communism are losing ground to the extent that only North Korea, Cuba are still operating. New ideologies such as ethanolism and Brazilianism are growing along with Goldism. This should be fun - China and Goldism versus The Fed and USA Congress. So far, all that has happened in the USA is that those who were employed on frivolity luxury party-time buying have been redeployed to something useful [or into the queue of those to be redeployed]. That's a natural thing. Serious business, such as making Smartbooks, hasn't been affected other than to the extent that the purchases fell into the frivolity category which was not much. Mqurice

To: elmatador who wrote (54426)	9/3/2009 5:22:27 PM
From: Gib Bogle	Read Replies (2) \| Respond to of 217576

:-) I appreciate the attempt at humour. In the US, and even on SI in certain quarters, words like socialism and fascism are flung about on a constant basis, usually by people with little understanding of the terms, or by people who can get political advantage from the ignorance of others. Speaking of the Jurassic, from some US media (Fox) you might get the impression that they're still fighting the cold war. Where NZ is concerned you're a bit off the mark though. We don't hear much about socialism. NZ has had a mixed economy for some time (socialism + capitalism) and both major parties are in broad agreement that this is the best way to run things. The only disagreements comes over where to set the knobs. Certainly it isn't a term of abuse in the mainstream political discourse. There are fringe elements, like the Libertarians, who decry NZ's socialist structures, but they are a tiny minority. Regarding the issue of nationalism, it's hard to be nationalistic about a country that half the world hasn't heard of, while the other half thinks it's part of Australia.