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

To: elmatador who wrote (67999)	11/12/2010 12:56:10 PM
From: Maurice Winn	1 Recommendation Respond to of 217735

ElM, they know how to spend money in China, but they are like me. When starting out shirtless and barefoot, one learns to save for a rainy day, and also one learns to invest. Americans forgot how to save and invest. Chinese have been shirtless and barefoot, living in hideous hutongs. Now they are saving and investing. They will be good capitalists. Wealth doesn't come from spending, contrary to the current popular mythology with stimulus spending, quantitative easing, helicopter cash lolly scrambles, debts and consumer celebrations. Wealth comes from inventing good things which make life better and easier and safer and more fun. Invention and production takes decades of accumulation. Investment in knowing how to invent CDMA/OFDM is money well spent. Spending money on cuddly Made in China teddy bears and consumer junk, booze, restaurants, SUVs and "stuff" does not achieve anything other than diverting effort from useful things to wastrelism. China is transferring money from wastrels who can't think of something good to do with their money, to themselves. Whether they will think of something good to do with it is an open question. But of course meanwhile, they improve their lives with actual food and accommodation instead of a hutong and a poor diet made up mostly of rice. They also buy Qualcomm mobile cyberspace to acquire peace, light, harmony, happiness, health, prosperity, longevity, fun and love. That recycles the money to me. I will think of something to do with it. Such as hire you to install fibre across Angola or maybe around Rarotonga, or Norfolk Island, or across New Zealand, or around Australia. That's not hogging capital. Mqurice