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


To: marcher who wrote (65639)8/22/2010 12:06:25 AM
From: TobagoJack  Respond to of 218074
 
<<please recommend a book that provides a good historical overview of china.>>

... ouch ;0)

this probably would do amazon.com

cheers, tj



To: marcher who wrote (65639)8/23/2010 7:12:49 AM
From: elmatador  Read Replies (1) | Respond to of 218074
 
The Winnebago I saw in Canada.

I crossed Canada with a Canadian young lady in 1986.
I woke her up laughing like crazy. (too long nights drinking she used to sleep inside the car while I drove)
I overtook a Winnebago with the bumper sticker:
“Spending the kids inheritance”

The parents could (pre-Great Unwinding era), live middle class life, send kids to college, and have money to spend as retirees.
Kids out of college, got job and go work and keep the system running waiting for the day they will take their won Winnebago and go spend the inheritance of their parents great kids

In 1993 I met an Englishman in Riyadh Saudi. He said he met a guy I knew: Sergio, he said, carried some pictures of chickens with him. He said to the English guy he’d be raising chickens one he had enough of implementing telecoms projects.
The Englishman was telling me: When I have enough of this I am going to play golf.

I came back and told wife: If all guys go back to play golf and enjoy, they will be spending a lot of money. Noting to her that Siemens was using the money of the future retirees to do project financing.

As the retirees started spending money and less young people entered the work force to contribute to the cash box, money on the systems disappeared.
China today, is using the money of the future retirees to buy assets abroad and finance projects, taking the markets that were financed by the retirees money.