looking forward i do not see good ways, and looking back, i see a script outlined, tracking true
i quote myself, per this discussion Message 20494439 circa sept 7 2004 (close enough for the 7 year mark)
Continuing this discussion, Message 17575526 , which went here, there, and everywhere:
Message 17575526
June 8th, 2002
Hi KastelCo, …. People, of all political flavors and economic scents, each time we checked, tend to take <<massive REDISTRIBUTION of wealth and privilege>>, a/k/a revolution, rebellion, uprising, chaos, doom, ... very personally.
And yet, Maurice sees nothing, at all, except his cellular phone, perhaps until the time when there is no one at the other end to pick up the conversation.
Message 19069212
June 28th, 2003
p.s. california will do an argentina, because it cannot do a japan
traditionally, the golden state leads the rest in new ways and novel approaches
the sordid mob approach to REDISTRIBUTION, DISSIPATION, and EVAPORATION, within the confines of socialism, should be educational and alarming to all, especially international capital providers
Message 19366684
October 2nd, 2003
Hello Gumnam, <<1) What will prevent this scenario from happening ?>>
… The spectacle will shock and awe like no spectacle ever did, bigger than tulips, more massive than 1929, and ... oh, you know the rest of the script, leading to DISSIPATION, EVAPORATION, and REDISTRIBUTION, ala Argentina, but on a global scale, bringing to us TeoTwawKi of the current monetary system…
Message 19372661
October 5th, 2003
Hello Pezz, … I keep reminding myself and Maurice, that the most painfully outrageous is always revealed at the bitter end, right before revolution of one form or another variation, leading toEVAPORATION, DISSIPATION, and REDISTRIBUTION …
Just a reminder to myself, buy gold, for it is the natural trade, obvious exchange, apparent wager, and sure bet (NToeAwsBe for short). Whatever entry mistake one makes in buying gold, it will be corrected by a secular gold bull market …
Message 19377973
October 7th, 2003
Possible Financial Crisis Alert (DefCon 5):
The world's 5th largest economy is in genuine danger of being led by any one of 1,000 plus candidates all reared on that special brand of communal socialist infesting California, and selected by a frenzied mob of folks with nary an idea about economic math, financial physics.
Watch out for your wallet! EVAPORATION, DISSIPATION, REDISTRIBUTION, and Group Grope up ahead.
…
Message 19677880
January 10th, 2004
… Within the next 7 years, we will have the pleasure of witnessing DISSIPATION, CONFISCATION, REDISTRIBUTION, EVAPORATION, and revolution on unprecedented scale – you know, a mix of the Argentine, Zimbabwe and the Japan solutions, on a scale that can be only described as ‘Taking Gigantica’ …
Message 19731390
January 25th, 2004
… Yup, we are perhaps heading toward TeoTwawKi, maybe by path of 'stagflationary depression' augmented by officialdom-sanctioned default, legislative-coded CONFISCATION, and electorate-mandated REDISTRIBUTION, resulting eventually in dissolution, EVAPORATION, repudiation, and revolution, either of the positive variety leading to rebirth, or of the negative type, featuring utter chaos, false messiahs, and sheople led ultimate destruction by endorsing self-destructive political radicalism.
If what I had described were an airplane, I would want to land and opt out of the remaining journey. But, in a world where cash is a risky position, and gold is a dangerous stance, I cannot get off the airplane.
Message 19753225
January 30th, 2004
The program, as scripted, and as always
... scam the rich
... screw the poor
... soak the stupid
... reward the undeserving
… via DISSIPATION, DEFLATION, DEPRECIATION, INFLATION, STAGNATION, EVAPORATION, CONFISCATION, redistribution, and the great big wealth transfer mechanism that is the global financial market.
It is just like a on-line computer game, say Unreal Tournament Last Man Standing Death Match.
Message 19755714
January 31st, 2004
Hello Mary, I am quite familiar with what is happening in China as regards to education, competition and skill acquisition. I am aware of what is happening in India, and by China proxy, can imagine what could be taking place in India.
I am guessing that <<more skills ... foreign workers cannot do>> ... is possible if and only if there is application of massive capital that is not immediately available in other economies.
But the capital available to the US is idle, dissipated, mistreated, and mispriced in the US, and so what you are hoping for cannot be, until and unless capital is priced (i.e. 12% on the 10 year bond is as good a number as any) correctly and treated well (i.e. indiscriminately do away with all the constraining regulations enacted in the past 30 years would be a good start).
Before respect for capital is once more, the capital gods must be appeased, and that appeasement always, invariably, takes the market clearing price down, way down, say P/E of 8 and dividend yield of 6%;
... and before that happens, the way we get there, I am guessing, by way of dissolution, CONFISCATION, repudiation, REDISTRIBUTION, and EVAPORATION, because the mob electorates will demand nothing less.
Message 19968881
March 30th, 2004
Hi ild, …Default, bankruptcy, stagna-de-infla-tion (can you picture it?), CONFISCATION, REDISTRIBUTION, EVAPORATION, leading on to the logical repudiation and inevitable revolution, but first passing through absolutely for sure political extremism are all the possibilities. All promise to be very exciting, in whatever combination and sequence.
Message 19969729
March 31st, 2004
Hello KJC, … I prefer my idea of CONFISCATION, REDISTRIBUTION, EVAPORATION, and revolution. It will feel more satisfying ;0)
Message 20033607
April 16th, 2004
Hello Pezz, … This week a welcomed cyber visitor (EDIT: thanks to PQL in N.America) left me with this frame of figuring – a Richter Scale of wealth.
The scale looks like this and argues that wealth distribution is regressing to a feudal state.
(10) 500 Billion USD - Theoretical maximum wealth as % of world GDP (Ghengis Khan, Caesar)
(9) 50 Billion USD - Emperor Class (Gates, Buffet, Rockefeller, JP Morgan)
(8) 5 Billion USD - King Class (top 100 Forbes)
(7) 500 Million - Duke Class (major option holders of large corporations, top rock stars, Oprah, Hollywood moguls)
(6) 50 Million - Baron, Minor Nobility Class (Millionaires. No Lear jet or castles but nice house in San Diego, ski condo in Vale. Pro athletes, run of the mill money managers on Wall Street, run of the mill movie star, entrepreneurs.)
(5) 5 Million - Guild Class (doctors, lawyers, stock brokers, small businesses, lower end pro athletes. okay house, kid at UCLA, Porsche Boxter)
(4) 500 Thousand - Peasant Class (90% of US population below this level. J6P. Excessive leverage. Mc House with Mc Mortgage. Worried and Stressed.)
(3) 50 Thousand - Serf Class (working poor. leverage)
(2) 5 Thousand - Peon Class (social assistance, students, most of the developing world below this level. emerging middle class in China and India)
(1) 5 Hundred - Slave Class (homeless in the US, 70% of world population at this level or less)
The thinking is that the groups in Level 3 and 4 have lost ground for 30 years and getting increasingly irritable at their political masters.
Historically head chopping follows.
I think the Guild class, folks in the USD 5 mm-10 mm range, is getting mighty nervous as well, or ought to, because at zero real rate and asset value unsupported by cash flow in many goodies, 5-10 mm can get fritted away pretty fast, and as it does so, causing bad decisions in other areas and investments, fritting away faster.
The way events are trending, the only thing worth true money is continuing exogenous (to the portfolio) cash flow, not portfolio assets, because spending portfolio may be a one way trip.
Dare I whisper the words DISSIPATION, CONFISCATION, REDISTRIBUTION, EVAPORATION, Repudiation, and leading on to Revolution?
So, the script will play out, except going beyond what our imagination can even begin to comprehend at this happy interim.
And the technical charts will at some point show bloody heads on sticks off headless shoulders next to a gentry cups near Aristocratic saucers. Not exactly pretty.
For some, a foreign journey may be called for, in person or via activities/assets, once in so many generations, to seek out new worlds and wider (but uncertain) horizons.
Message 20054421
April 22nd, 2004
Hello Pezz, …I am figuring a DUEED situation, followed by a DDSDBURDGU construct, eventually leading to DISSIPATION, CONFISCATION, REDISTRIBUTION, EVAPORATION, ruination, collapse, and revolution.
I suspect that the longer time drags out, the more exquisite will be the experience, and I believe time is working against all.
...
... and now, here Message 20494446 |
