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

To: arun gera who wrote (68560)	11/23/2010 10:23:56 AM
From: Maurice Winn	3 Recommendations Respond to of 218031

<<When did I say that poverty and death comes from reserve currency?>> Here: <Another modern phenomenon that decreases the bargaining power of the rural population is the spread of national currency. Currency flows from the federal government to government employees and contractors to urban economies to the rural economy. The rural economy is always the last one to get the currency and has to work the hardest to get it. Also, currency is very scalable thing and concentrates all wealth to centralized organizations such as governments, financial sector, and large corporations. Therefore, the rural enterprise loses more and more of its bargaining power. Similarly, residents of the country with a reserve currency get more and more advantages. Now,the landless rural poor flee to the cities. Also, the relatively well off landed families, that are not doing much better than subsistence living, find that sending one of their family members to the city gets much more "currency" for much less work, although the relative social position of the rural migrant is at the bottom of the urban pyramid. Therefore the migration. Similarly, urban dwellers in the third world find that their hard work as teachers and engineers does not get them the goodies that the western world produces. To get those goodies, they need to earn their money in the western world currencies. So the middle class sends a few of their family members to the western countries or middle east although the relative social position of the immigrants is initially lower. The countries with the reserve currency (dollar or oil in modern society, seem to get the maximum immigrants. When the reserve currency was the British pound, Indians used to prefer UK, since the 1960s, the migration has shifted more towards the larger United States. > It's easier to move the money to the people than the people to the money. But that means not stealing it as it moves. Because the money gets stolen, the people have to try to move to where the money is. Governments steal the money at the border and within by way of taxes and other imposts. A rural boy could learn to do cyberspace right there in the village, enjoying home life and low cost of living. But capital flows are not allowed. Permits are required. Bribes and corruption. So the mountain goes to Mohammed [or whichever way around it is]. A Globalstar gateway was built in South Africa but never used - presumably because of bribery and corruption. Rumour has it there was corruption in Indian spectrum auctions. Sending in capital and taking it out again was not allowed. Profits as in so many places are seen as kleptocratic opportunities. Mqurice