Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: dvdw© who wrote (93226)	8/8/2012 10:00:53 AM
From: elmatador	Read Replies (1) \| Respond to of 219713

What happened when money dried up: Liberal Professions did well. They were safe from hyper inflation since their savings were indexed. Their kids without competition got into public universities easy. Civil Servants did well too. Salaries indexed. Good pensions that were also indexed. Could get second income from an activity 'on the side' since jobs were not demanding Employees of the state owned enterprises did well. Those working in the estatals and parastatals were protected by indexed salaries and could strike and could wreck havoc in public services. Employees of the food producing sector did well. While the states strong in industry (carmaking consumer goods) did badly. States producers of food did well. Those working in the estatals and parastatals were protected by indexed salaries and could strike and cause trouble in public services. Those who suffered: Construction workers suffered massively. Construction companies went to Iraq to try to keep alive building for Saddam Hussein. As construction sector was decimated slums build up in all major and medium sized cities,with all social problems that came with them. Women (wives and girlfriends of construction workers) were abandoned, went to work and kids grew up on the streets. Industry producing consumer goods: refrigerators, TV and such items Those working in Carmaking and all industry gravitating around it. Small enterprises died like flies. Self employment mushrooned as people tried to make a living. Many women-owned. Graduates exported as baby sitters to England, others to be cheap manpower for Portugal and Spain as they started sucking EZ teats to grow. Japanese descendants exported to Japan to toil in service and industry. They are called dekasseguis. Those working in the banking system did well at the beginning but once they tried to do what the employees of stateowned enterprises -extracting higher income from banking by striking- banks reacted. Brazil was the most automated banking system in the world. A check on the Amazon jungle would clear in 24 hours. My bank in Germany (mid 80s) was a provincial bank if compared with Brazilian bank then. Automation curtailed banking workers power and they joined the suffering private sector employees. They did not worse because the banks had not automated the back office by lack of good telecoms. (Telecoms was in the hands of the state then and were junked) And Elmat exported as white slave to work abroad. He liked and never returned