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

To: elmatador who wrote (142441)	6/30/2018 2:41:40 PM
From: Maurice Winn	2 Recommendations Recommended By dvdw© James Seagrove Respond to of 218475

ElM QE doesn't make anything cushy. It just transfers spending power by stealth from those who previously produced to those who receive the QE dilution loot direct from the printing presses. The cushy comes from the likes of the illustrious Dr Irwin Jacobs who thought retirement was not much fun so started Qualcomm and then came up with the idea of CDMA to make mobile cyberspace. Out of thin air he created umpty $trillion in value which is being of most value to the whiny Millennials. So did hordes of others create enormous value out of thin air by the power of their minds over the last 40 years. Many of them were baby boomers such as Steve Jobs. He didn't have any iPhone or CDMA or cyclic dispersion monitoring or platinum spark plugs which don't need replacing, or A380s that deliver people in amazing safety and comfort at 1000 km per hour for nearly 20,000 km at very low cost. Jobs were done in China because they were willing to work for less money. Not so much now. A billion people there had their living standards soar. That's an excellent thing. Same thing happened in India and across Africa which benefits from the millions of inventions without having to do anything themselves. Instead of buying twisted pair phones at high cost, they went straight to mobile cyberspace delivered via fibre installed by Ping and some guy from Barbarian Brazil. What a cushy life. There are 7 billion of us enjoying the good times. It's fantastically amazingly unbelievably great. Compare things with even 100 years ago - the end of WWI before the horrors of WWII, USSR, Mao's Maelstrom and horrors all over the place. Old people should support themselves. Just coz you get old doesn't mean you should have other people pay the tab. Except that old people should own a Tradable Citizenship on which they could get a reverse mortgage. Mqurice

To: elmatador who wrote (142441)	6/30/2018 4:20:38 PM
From: Maurice Winn	Respond to of 218475

Poor little dears, tsk tsk. <Haven't you had a look at student debt? Can they afford these houses you just told are high priced? They cannot afford to form a family even! > They should not get loans for so-called education which doesn't earn them a big return on those loans. I didn't say houses are high-priced, I said they have gone up in price. That's nominal price, but not in gold price. In 1970 I earned NZ80c per hour. Now for the same level of work people earn $40 an hour. Interest rates are at all time lows. A house in 1970 cost NZ$10,000. Now that house is NZ$1 million. But a car in 1970 cost a years pay. I sold my pretty good Camry for NZ$2060 a couple of months ago. That's only a week or two work. Cushy life!! That car won't need repairs like I had to do back in 1970. Cushy life. They can't afford a family because they are dumb, lazy, wastrel, self-indulgent, greedy, spendthrifts. Mqurice