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

To: dvdw© who wrote (97530)	1/6/2013 3:35:22 PM
From: Maurice Winn	2 Recommendations Respond to of 218449

There are $trillions sloshing around the world looking for something to do. At 0% interest, those dollars and yen are happy to go anywhere to earn a buck. India could use a few $trillion. But the problem is as our Indian friends in Belgium in the 1980s said. If they went back to India and took their money, the money couldn't escape again if they changed their minds. They did go back because they wanted their children to be Indian and of course home is where the heart is. Now the married offspring live in New York and work for Google and some other company. Our friends stayed in Cochin. India, like NZ decades ago, was like a black hole surrounded by an event horizon. If foreign money went beyond the event horizon, it could not escape again and would be subsumed in the maelstrom of kleptocracy and a million barriers to getting anything done. Qualcomm put $1 billion into some spectrum, but the kleptocrats were more interested in stealing that money than allowing Qualcomm to actually do something useful. Eventually the courts stopped the stealing, presumably with some political support. People aren't going to send their $trillions to India if Indians just see it as rich people to be robbed. India needs a paradigm shift from kleptocratic thinking, bribery and corruption. Maybe India will change. It can be done. NZ did it for a while. NZ dumped the stupid regulations on money movement. People can move their own money. They don't need a government department to "inspect" it and tell them how much they are allowed to move. In The Simpsons, Homer had a problem with "the wallet inspector". Wallet inspectors are unnecessary. Mqurice