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


To: arun gera who wrote (68513)11/23/2010 9:23:44 AM
From: Maurice Winn3 Recommendations  Read Replies (1) | Respond to of 218005
 
Arun, but they did: <English, engineering, capitalism, and common law did not help in Dickensian times when the rural migration to cities was in full flow... > My ancestors knew about Dickensian times and being war refugees too, as well as being exported as orphans. Fortunately, engineers, capitalism and common law, among other things enabled shipment to New Zealand where there was great agricultural opportunity, clean water and air.

Even in 1986, the water in London was disgusting and the air foul. My BP Oil colleague called it "haze" while I called it disgusting smog. He said it was water droplets. I said it was acid nucleated around bits of soot.

One set of great grandparents died in their 30s, presumably from tuberculosis which one of their orphaned children died of not long after arriving in NZ. On ships coming to NZ, half a dozen burials at sea, many being children, was normal. Another grandparent was one of three children arrived here with just a mother in pathetic poverty having survived the siege of Paris and the war in Alsace.

My father said that forward was the only way to go. I could see later why he had that attitude. Both his parents came from that maelstrom, and he lived through WWI [as a child with many men from NZ being killed], then the Great Depression during his early adulthood, followed by 4 years in the North of Africa, the middle east and Italy fighting Adolf's exterminators.

The poverty and death didn't result from reserve currency issues. Maoris weren't killing and eating each other because their reserve currency was flowing to cities. Life was grim.

The British Empire enabled a flow of capital, engineering, people, lingua franca, health and economic development around the world, including to India.

The USA picked up where the British Empire left off. Now, economic opportunity flows from the USA. Arun [Indian friends' son] works for Google in USA. As does a Peruvian friend's son's wife - he works for Microsoft. ElMatador lays fibre for Huawei in Angola and that fibre and technology comes from
USA [not necessarily the actual production of the fibre].

Qualcomm is providing technology to enable hordes of Indians to surge into cyberspace.

I regularly get calls from Indian call centres which are linked by the technology and obtain payment via it. They do software development for companies around the world. A young Indian can go to Bangalore and cruise around in cyberspace more profitably than by scrounging a living in the jungle.

The USA clips the reserve currency ticket which is a nice added profit for them.

The reason to mention the "Jewish conspiracy" is that many if not most people see in the monetary systems some sort of mystical conspiracy against them, and that they somehow have to get possession of it or fight it. The mentality seems to be "grab some of it too" as though wealth is found rather than earned. "Redistribute the wealth" is an expression of the same mentality. Money is earned, not found or grabbed. Identities are formed by voluntary exchange of value. Too many people want to live like chimps, grabbing found wealth, by fighting their way higher up a kleptocratic dominance hierarchy.

The 19th century Dickensian woes were not due to reserve currency. Nor is the current such woe for Dickensian Indians due to the money lurking in Bombay. Get the government and kleptocratic thinking out of the way and more money can flow.

Forward is the way to go. Blaming the great and glorious British Empire is silly [not that you do that but it's currently fashionable to denigrate the English]. The greater and more glorious American Empire is even better. Their dodgy fiat reserve currency is not so good [though it has been very useful around the world and I currently have a lot of them] and I am plotting against it to improve things further.

Mqurice