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

To: TobagoJack who wrote (172182)	5/23/2021 12:36:14 AM
From: David	Read Replies (1) \| Respond to of 217699

Message #172182 from TobagoJack at 5/22/2021 11:15:51 PM Re << One plan is to spend on infrastructure as China has proposed. This is straight out of the playbook of lessons from the great depression. Unfortunately, while this may be useful (these projects may create net wealth) it will not work as well as hoped in the US because our economy has changed so much over the last 70 years. In the 30's we had specialized physical capital (factories)and non-specialized labor (semi-skilled workers) idle because of the depression. Public works projects could employ productively this semi-skilled labor. With the multiplier effect, their consumption expenditures stimulated demand across the board. By contrast this major recession releases far more specialized labor and far less specialized capital. Public works cannot productively use this labor since their human capital is so mismatched to the jobs. We would suffer a huge opportunity loss by expecting this to work." I vote for a Trans-Galactic Battle Cruiser - think of the spinoff benefits, employ those skilled people, save the military industrial complex, celebrate the International Year of Astronomy. I was thinking Inter-Galactic but that might be a bit of a stretch.>> Maybe you have been right since 2008 November. Now we get to see if entire-society / all-of-government approach(es) of anti-CCP China-China-China space-and-everything-else race might be more efficacious, for the 12 extra years in Afghanistan did not do much (yet) as stimulus :0) In the meantime the economy took another few turns, in several directions, towards hemp, crypto, and woke / cancel, and Netflix and Universal Basic Income Am having a lighthearted Sunday brunch moment before the reflexology master arrives. Just finished w/ my Qi Gong exercise. Thank you for the opportunity to address something. I KNOW that a number of my old posts on this website were edited a number of years ago (2011-2012ish ?), years after they were posted, though I do not know by whom. There was a bunch of other funky stuff happening at that time also such as what seemed like autogenerated articles in response to people's posts on this site. With regard to what you brought forward, I do remember posting a response to a post with something along the lines of "I vote for trans-galactic battlecruiser, intergalactic might be a stretch." A response to my post asked if I was crazy or something to that effect and I responded to that post with "think of the spinoff benefits". Any other wording I will not confirm. I'm also glad you mentioned the time period, the context in which I posted this was during 2008 (I did have a good job) in which October was a really brutal stock market (last march was very similar), the US government bailed out the banks with the TARP program, I still followed mining stocks quite a bit and gold didn't rocket up price and the US dollar didn't lose it's value. As mentioned I did have a good job in manufacturing though I didn't know then what I know now and I hadn't yet pieced together how my family history related to what I would learn. These comments I made, that you brought forward, were made in the context of the financial crisis and the spirit of the posting on this site at the time, in a bit of exasperation at all the money printing going on by the US government to expand the space program. I am Canadian and wanted to vote on the US spending. I don't know if what I said then was right. I don't like how the last year has gone with government spending either, and I didn't agree with the economic shutdown (I did not have a job when it happened). An expanded space program doesn't seem like the worst idea with government spending the way it is. What are the chances of the national debts ever being paid? Why do we still have taxes? There is lots I don't know about the monetary system. To me it seems like the current system is a fraud and won't last so I have been trying to build a portfolio of company shares, of companies that will still be companies if/when there is a currency reset. I don't know what a new currency would look like but think the existing companies will have to work with whatever the new currency is, and I hope they continue to pay a dividend. When I was still actively investing in gold and mining stocks I once read an article on the internet that was purportedly written by someone who lived through the German hyperinflation, the advice in that article was to be a producer so you have something to trade with. When the hyperinflation is happening money is everywhere, when it ends money is scarce. Those were different times with a gold standard. I once asked my dad if grandma ever said anything about the hyperinflation as she lived through it in what became Czechoslovakia, apparently all she said was she had her money in banks (bankse ?).