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

To: TobagoJack who wrote (62903)	4/19/2010 5:17:15 PM
From: elmatador	Read Replies (2) \| Respond to of 219595

China is purportedly "the new sovereign" but really, they have over 100 years done nothing other than resurrect the bad old days of a ruling clique passing on inherited power and wealth from bygone dynastic rulers. But now, with communist conquest, they took all the land and property as the personal possession of the rulers. So it's even worse than in the bad old days. Message 26470586 never tell me that I fail to proviode with entertainment

To: TobagoJack who wrote (62903)	4/19/2010 5:17:40 PM
From: elmatador	Read Replies (1) \| Respond to of 219595

New Zealand is a farm with a huge mortgage and debts rapidly increasing, at NZ$1bn per month, with swarms of bludgers expecting to be kept in the manner to which they have become accustomed, and breeding like bunnies. I think reality is sinking in

To: TobagoJack who wrote (62903)	4/19/2010 5:21:01 PM
From: elmatador	Read Replies (1) \| Respond to of 219595

When push comes to shove, it's going to be ugly in both instances, but $1 bn per month is $1000 per month per tax payer [in NZ, near enough for government work]. With average incomes of something like $4000 per month, that's quite a hit when people are already bust. Buying an average NZ house is now more expensive than buying an average USA house. But GDP per capita remains about twice as high in the USA.

To: TobagoJack who wrote (62903)	4/19/2010 5:24:03 PM
From: elmatador	Read Replies (1) \| Respond to of 219595

The USA is the HQ of a global economy, like Rome in the Roman Empire, with wealth flooding in from all corners. NZ is like a corner which has gone bad. While the world economic HQ has problems, they are far from terminal, probably. MQ contemplates the downfall of the minnow...