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(Mr.Copper) Sep 22, 11:29
Very good on that Trader, I can see you are a thinker. Regarding the uncharted territory we are entering?
My opinion we are witnessing the failure of global communism, sold to us as capitalism.
Hardy har har. “Free markets, AFTER they change rules, change interest rates, change trade policies, change loan standards, give tax incentives for American manufacturers to invest over seas.
The absolute peak and high for the Global communism was the 1992 to 2000 strong Commy Dollar era. 🙂
The biggest transfer of wealth FROM the USA to Europe, Latin America, the Middle East countries, South Africa you name it. All that wealth went the so-called “fledgling democracies” and “emerging markets”
The uncharted territory ahead imo is the “transition period” FROM girly man communism back to real men capitalism. FROM fantasy back to reality.
We were taught in high school, communism KILLS incentive. “Why should I pay my loan off when he isn’t paying HIS loan off?
Why should I work hard, and get the same pay as the lazy useless guy? Why should I be honest with my company’s books if he isn’t honest with HIS books?
Why should I run my bank honest and correctly and make profit, when my competitor bank lost billions and gets bailed out?
The “communism” started very slowly after 1913, picked of momentum after 1934, was on a good pace in the ’60s and ’70s, and REALLY REALLY accelerated during the strong dollar Greenspan, Robert Rubin, Roger Altman Presidency.
The dot-com bust and nine eleven combined KILLED the global communism trend. What I say may sound crazy, but in a decade or so the truth will come out on the History Channel. 🙂