I'm not sure this does not belong on VortB; but, today the US sold $100B in T-Bills and had to pay 3.7%. This will is a preliminary indication.
Re-Fi now if you can. Terry On Thu, May 28, 2009 at 9:12 PM, OrionWorks <[email protected]> wrote: > From Chris Zell > >> I have never felt such an overwhelming perception that our world economy is >> fragile, lacking any depth of stamina and operating on the thinnest of a >> margin for error. >> >> We have now purchased a brief 'timeout' with wild debts that the next >> generation will never be able to repay. As it is, we may face an inflation >> far beyond that which followed the Vietnam War. More than that, our present >> troubles may have been quietly triggered by a demographic shift in Western >> nations that cannot be changed within the lifetime of many who are reading >> these words. Exactly how do you have a growing GDP with a declining >> population, as in Europe or Japan? How do you intend to pay 20 year >> Sovereign debt when the taxpayers were never born? >> >> We desparately need a dramatic technological catalyst to inspire the 21st >> century world economy - or the future will be dominated by weak, >> miserable governments struggling to redistribute whatever wealth is left. >> Expensive hybrid cars to be purchased by overextended consumers, >> miscalculated energy yields from windmills, solar cells that keep promising >> parity with fossil generation, and waiting for hot fusion like the Second >> Coming will not save us. We need something much more profound - and not >> marginal. >> >> Will the answers come from status quo science? Resistant academia? The >> same people who cured every disease centered as the concern of a public >> charity over the past few decades? Who resisted cold fusion with religious >> fervor? >> >> My point, in summary, is this: The whole world may now depend on fringe >> thinkers such as those on this Vortex site or similar boards on the >> internet. The economy's deep emphasis on financial speculation in recent >> years (such as mortgages and credit cards granted to people who can't afford >> them) is a disturbing sign that profitability can't be generally achieved in >> businesses that already are too 'lean'. A new energy catalyst is vital. >> >> We may be the future Tech Saviors of the world. Finding that 'free energy' >> Holy Grail may be left as our life's burden - by default - and the clock is >> running out....... > > There is much food for thought in Chris Zell's essay. These are indeed > disturbing times. I, too, don't see how our country will not avoid > experiencing massive inflation in the near future. Eventually, > something will have to give. It's my understanding that real estate > and stock market investments tend to weather the ravages of massive > inflation, or at least historically that has been the case. The next > time around, who knows. > > I suspect there is indeed much untapped talent languishing within > discussion groups such as here within the Vort Collective and related > Internet groups, ready to be tapped. It is perhaps somewhat > narcissistic to believe that such collective talent will help save the > day, but it sure can't hurt. > > Regards > Steven Vincent Johnson > www.OrionWorks.com > www.zazzle.com/orionworks > >
