Blank Plilip wrote.. Just saw this, Richard. The market system is great, but this is obviously not the market system... Ominous.
Begs the question: How many media and government people are fattening themselves on all that money, for "services rendered"? Perhaps that explains this "failure". Perhaps this also explains some of the "madness" that now abounds in media and government decision-making (and lets not forget academia). This is why I keep saying that any new inventions or ideas - particularly those concerning energy - should be brought directly to the people, as soon as practically possible; not governments, academia or media... unless there is still a vestige of honesty around in each of these sectors. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/15/ccash115.xml Howdy Philip, Makes for interesting unfolding scenarios,, take for example.. BHP-Billiton is taken over by China.. China would then possess or control more than a 3rd of all the world's strategic metals ands minerals. There is more than 5 trillion bucks in play, not 2 tril like the article reports. Warren Buffett thru the purchase of Gen-Re acquired some 22 trillion in derivatives in a 22 bil dollar package couple years ago that some considered worth less than 10 bil at the time.. but Alas! that was before the deal with AIG came to light. Some now believe that Berkshire- Hathaway has been subtlely converting the 22 tril in derivatives into foreign exchange mostly in Euros which would answer the mystery why the Euro moved so far ahead of the Dollar in exchange. Everitt Dirkson, senator , once said .. a billion here, a billion there and sooner or later it 's gonna add up to some real money. <grin> The US stock market never lies, it may deceive a few losers and crooked players ,but it is the only honest crap game in town.. That means it goes to 25,000 on the Dow because it is a reflection of true value vs the dollar. The dollar has tanked like the Mex peso did in th 1970's. The sorry truth is that a Dow at 25,000 would still be low in reality. Shades of the Weimar Republic in Germany after WW1. I can let you in on a real deal on some Dime Box Saloon stock.. but ya gotta keep it secret. Richard
