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

To: TobagoJack who wrote (67064)	10/10/2010 4:50:05 AM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 218007

People can't understand garden variety relativity theory, although expressed in such simple form as E = mc2, so they have little chance of understanding financial relativity theory either. Indeed they do think that: <The masses figure that they will get to compete head-on against developing world wages by devaluation and come out somehow on top when they must buy global commodities including food n fuel from the same sources. The obvious are obviously not obvious enough. > Drug addicts are notable for committing criminal offences in preference to giving up their habit. Injections of cash are comparably addictive. Giving up injections of cash is even more difficult than giving up injections of narcotics as it involves moving out of a house and failing to eat unless donations from a food bank or other friendly donor are forthcoming. Decades ago I learned the harsh lesson that the indigent, impecunious spendthrift wastrels will rob the diligent, studious, energetic, who work and save. They see it as a moral virtue to take the money from the person who earned it to spend it themselves. They will actually try to concoct an actual reason - "Money must be spent to keep the economy going and if you don't spend that money you got, then I am obliged to take it from you and spend it myself to save the world". Since such people often enough if not quite always form a majority, they are democratically easily able to swing that ideology into effect. I learned in the early 1970s that it is a law of nature to be expected each and every time. Holding cash is hazardous. It's unfortunately necessary at times, but it's best kept to short periods. Hmmm.... note to self, take note of what you just wrote and stop hanging onto that stash of cash. Mqurice