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

To: TobagoJack who wrote (76751)	7/23/2011 7:11:56 PM
From: carranza2	Read Replies (1) \| Respond to of 219002

The NYT takes notice. The chattering classes are next. nytimes.com

To: TobagoJack who wrote (76751)	7/23/2011 7:52:12 PM
From: Ilaine	2 Recommendations Read Replies (1) \| Respond to of 219002

If so, good for me (bankruptcy lawyer, remember?) and good for older son, Ben, a newly minted bankruptcy lawyer. You are not the only one upon whom an ill wind blows good. I am like a hedge fund. If the economy does well, good for everybody. If the economy does badly, good for me. By the way, the Dalai Lama was just in Washington DC for 11 days for a Kalachakra. Husband, son and I attended several of the public talks. I found it very enjoyable and informative, perhaps even enlightening. You might want to try observing some of his talks vis-a-vis his website. I have gotten a lot of benefit from his ideas. dalailama.com

To: TobagoJack who wrote (76751)	7/24/2011 2:09:21 AM
From: elmatador	Respond to of 219002

Banks live off a share of the countries take as taxes. All the European bankers were comfortably living off a share of the European fringe. It went until it stopped. As capital left the countries tax base were low, which prompt governments to ask more from the banks to cover the already widening gaps. The electorates do not know where their money was coming from neither to where it's going. Governments and anks could do what they pleased. No one was checking.

To: TobagoJack who wrote (76751)	7/24/2011 2:16:39 AM
From: elmatador	Respond to of 219002

Banks and governments were used to a set of circumstances. They would risk their own countries, and charged low interest rates. They starved developing countries of capital, put them high risk category and fleeced their money from the high interest rates. That changed after Cold War ended and 2.5 million people entered the world economy and became markets for what the developing countries produce. No more lots of money for QCOM or CSCO and Nokia. No. The money was now going to materials and food. The tax base of OECD countries took a beating and they were in a down hill slope. Banks and governments were used to a set of circumstances. But you banks and governments were used to a set of circumstances and preferred not to notice.