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

To: elmatador who wrote (72378)	3/26/2011 4:41:08 PM
From: Maurice Winn	5 Recommendations Read Replies (5) \| Respond to of 217736

The inevitable reckoning is that bad debts will be wiped. That's normal and not really a big deal. It just involves transfer of assets from people who thought they owned them to people who actually own them, or are willing to buy them at their new, lower price, which better reflects reality. Sometimes, the apparent losers turn out to be winners and suspected winners turn out to be losers. For example, with Obamamotors - the bond holders might have thought they were about to own a car company. But they were robbed by politicians. Shareholders thought they had lost all, but those who bought in at the bottom were big winners. Unions, who should have lost their future cash flow were handed the spoils by the politicians. TJ accumulates gold because he thinks it a better bet to do time travel through the interregnum than energy and food production. He can't pick up an oil field or nuclear reactor, along with 1000 hectares of corn and move them all to another haven. He can and probably has packed his gold in his suitcase and moved it to various hideouts during his travels. Self-sufficiency in energy is a silly idea, which American presidents have talked about for 40 years but have done nothing at all about and neither should they have done. There has been more nonsense talked about energy and oil than pretty well anything other than the merits of socialism and communism. My theory is it's propelled by envy and jealousy of oil wealth. There is no more reason to be independent in energy than in anything else. Singapore isn't independent in anything but does very well. Same for Luxembourg. Japan has nothing much in the way of natural resources. Brazil isn't going to be rich beyond belief. Until we see VVV in profusion in Brazil, to world champion levels, they won't even be rich, let alone beyond belief. Even if they go flat out on VVV, their average intelligence is so low that it's not going to do as well as countries which have VVV and higher intelligence. Also, not is it just that the average intelligence of Brazil doesn't reach 100, but the top percentile is not at world class levels. Brazil, like China, can stop keeping itself in poverty, but it can't become GDP per capita champion. China as USA's factory - that's what we have so far. Mqurice