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| Moderated by: Joe Kelley |
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| Say one thing | Rate Topic |
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| Posted: Thu May 25th, 2006 10:14 am |
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1st Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/bonner/bonner247.htmlWhatever they urge readers to do; do the opposite. Wobbly World Markets by Bill Bonner The quote above should be read in context. In my opinion the Bill Bonner method includes a device whereby the writer projects a voice into the market force as if that beast could speak. I don’t know. I’m pretty sure I sent a challenge to Bill. Let me check my e-mail program. I sent one entitled: Energy Currency on Tuesday March 2, 2006. Tracking the past can help but the future is currently becoming. http://forum.atimes.com/topic.asp?TOPIC_ID=7304 Above is a look at Mr. USA and Mr. China’s futures. One puts upon the other so to speak. Investing in Dooms Day perhaps and my question is then: why not just let people invest in themselves? More on that later; now back to the Beast: "The bubble will burst," continues Hudson's prophecy, "and when it does, the people who thought they would be living the easy life of a landlord will soon find that what they really signed up for was the hard servitude of debt serfdom." Debt and punishment or profit and interest is a old story that may be on the way out with the dinosaur. China may be writing a new story – new history. The rule book may be unrecognizable from the old worn out one. One would have to look a little deeper to see our own historical visionary’s successes and why such success did become successful. This may help: http://www.brainyquote.com/quotes/authors/h/henry_ford.html If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability. (Henry Ford) Knowledge, experience, and ability may be the only real store of value, bank account, and security. What about currency? What about the ability to utilize those saved up resources? It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Before tomorrow morning a revolution may occur and those who have banked on the knoweldge, experience, and ability to pocket profits from those who have the knowledge, experience, and ability to produce real value will end up needing. I think they may need a conscience first. Something like this: I believe God is managing affairs and that He doesn't need any advice from me. With God in charge, I believe everything will work out for the best in the end. So what is there to worry about. The revolution will include a more accurate currency and it can happen over night and over there in China. Rather than importing democracy, like Iraq, we may be importing something valuable: made in China. Back to Bill's Beast: Ah, but won't the coming inflation wipe off the debts of America's middle classes? Isn't that what the house speculators are praying for? Isn't that what the central bankers are aiming for? Isn't that what we are all betting on? Speaking for one who falls into the category of America's middle class; I might point out that inflation is simply an adjustable rate of exchange. Add zeros. How cares? I've spent almost 30 years accelerating mass around with my bare hands and donating most of my earnings to others without any complaints. I do the same things now without any money exchange whatsoever. Instead of moving nuts, bolts, dirt, rocks, steel plates, and bulldozers around I now move words, bits, and bites. My wife moves people into houses now and makes more adjustable currency than I ever did. People consider my wife's open honest appraisals of relative value to be worth the investment; even more so as costs increase. My own ability to make cash remains a relatively healthy reserve account. Our fear has nothing to do with paper currency or accounting notes that have adjustable numbers on them. Our stake is not in our ability to predict which day the number will be high and the day that the number will be low. Our stakes are living breathing human beings. They will need knowledge, experience, and ability. They won't need to know how to get something for nothing. The idea is to make something more valuable out of something less valuable. If one can do that, then, one has nothing to worry about so long as people value something and so long as that measure of value can be accurately communicated. Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services. Thinking is the hardest work there is, which is probably the reason why so few engage in it. You will find men who want to be carried on the shoulders of others, who think that the world owes them a living. They don't seem to see that we must all lift together and pull together. There are two fools in this world. One is the millionaire who thinks that by hoarding money he can somehow accumulate real power, and the other is the penniless reformer who thinks that if only he can take the money from one class and give it to another, all the world's ills will be cured. If Dollar Hegemony goes down the tubes shortly, then, those who have their lives secured in that pyramid scheme will have the opportunity to learn something new. Unfortunately those types also have managed to create a very large military force that could end up being abused to the task of some nebulous vengeance. One might want to defend against that possible future scenario while one learns something new about the value of life. One can also simply continue to know everything about everything for ever since one has already reached that state of abundant knowledge. A market is never saturated with a good product, but it is very quickly saturated with a bad one. I did send Bill Bonner a note on Energy Currency. Think now, I suggest, with a measure of healthy skepticism like this: And we deliver another caution at no extra price: we're not at all convinced that the inflation theory is correct. (Bill Bonner) If electricity did become a popular currency, then, could that supply of currency ever saturate the money market? If so, then, what would be the price of electric power money? One would have to think about it - no?
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