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

To: clochard who wrote (74323)	5/20/2011 4:34:18 AM
From: THE ANT	Read Replies (1) \| Respond to of 217835

Yes who wants to live in just one place?Lots to see and do.I love Iceland.Am also waiting for Portugal to get cheap

To: clochard who wrote (74323)	5/21/2011 3:10:46 AM
From: elmatador	Respond to of 217835

There was a time when financial matters were simpler. You save. Put in the bank. The bank will return the principal and the interest. Workers would pay into a pension fund, they will get interest in lending that money and the workers when retiring would get the proceeds to live their last years without having to work. Tha real rich would live off capital as the interest rates were high enough to remunerate that pile of capital. Bamks gorged in profits managing all that money. There was, then, half a dozen safe countries, the center. With convertible currencies. And there was more than a hundred countries out of the system (the periphery). The periphery borrowed and pay. The center lent and got the proceeds. Today is different. Only very few people understand what is going on because the vast majority have the Center only as their frame of reference. A knowlegde of the periphery is necessary bnow to grasp what is going on. And, more important to see into which direction the world is going. Today the bnanks have mnot profitable businesse. Companies cannot promise a retiring to their works. The rich has no periphery to lend at high interest rates.