Re: [Goanet] Why the West's luck has run out - and why Canada and India's has begun
marlon menezes wrote: I have been tempted to invest in Canada, given its strong balance sheet, good financial system etc. Unfortunately, I don't think you can put Canada and India in the same boat. Some 70% of Canada's trade is with the US. If the US sinks, Canada sinks. If you have been paying attention, I have been warning every body here, for the past year, that the future looks dire for anyone who depends on US customers or tourists. In true Goan fashion, people are only now slowly starting to pay attention. In contrast, India is quite far removed from the US, both geographically and economically. Amongst the major industrial nations, India's continues to remain very insular and non export driven. Much of its trade with the US is based on services rather than consumption. While India will definitely feel the sting of the US problem, it will not be as severe as countries such as China and of course Canada. A debatable contention, one which I have no interest in pursuing. Since the US leads the world in the percentage of citizens it has in jail, a more interesting idea would be to invest in private jails in the US and get a judge to supply your jail with all those who cant pay their debts or credit card balances. If this idea sounds familiar, read all about it here: Two US judges plead guilty to taking more than $2m in kickbacks from a privately run detention centre. http://news.bbc.co.uk/go/em/fr/-/2/hi/americas/7887502.stm We are taking you down with us baby! That, my friend, is not the US way of getting people's money. The US method goes like this: Since we belong to the same country club and net-group, I could offer you an investment opportunity in this little project of mine. I would guarantee you a 100% to 150% annual return for the first five years and then maybe a 180% to 200% return for the next two years. I am doing this big favour for you because you have good recommendations, but the offer is valid only in you call within fifteen minutes of reading this. Here is what we are investing in: http://www.flickr.com/photos/45002...@n00/3289439126/sizes/l/ Mervyn1650Lobo __ Yahoo! Canada Toolbar: Search from anywhere on the web, and bookmark your favourite sites. Download it now at http://ca.toolbar.yahoo.com.
Re: [Goanet] Why the West's luck has run out - and why Canada and India's has begun
Date: Mon, 16 Feb 2009 16:16:44 -0800 (PST) From: Mervyn Lobo mervynal...@yahoo.ca Marlon, The date on the above video, March 17, 2002 (St. Patrick's Day) has a special significance me and other gold bugs. I was in a pub in Napa Valley, California watching the faith based leader when the woman who was courting me said, You know what, this guy is going to ruin the USA and the US dollar. That was the last day gold was at $292.00. The price of gold never returned to that price. In fact, it has tripled since. Coincidence? Mario observes: Is it coincidence, or the fourth explanation of how Mervyn picked the low price for gold way back then. As he explained in an exchange with Roland, the other three were, a) he looked at price charts in 2008 to find the low price of gold in 2002, b) he learned that all the central bankers, who are idiots by definition according to Mervyn, were selling gold, which told him he should be buying gold, and c) he figured out the low price of gold by working harder than everyone else, just like he did when catching more crabs than anyone else in Tanzania. Now we learn that he learned that gold would was at it's low point when being courted [???] by a woman in a pub in the Napa Valley:-)) Arre, vah! Kamaal hai! as they say in the slums in India. Mervyn wrote: As you know, all the major US banks have failed and are kept open today only because the US uses taxpayers money to support them. Mario responds: This is simply factually incorrect. To begin with there are some 7,600 banks in the US, in addition to over 8,000 credit unions. None of the banks have failed. Out of all these there were 116 banks that accepted federal bailout funds as of year-end 2008. If they had not been bailed out by the lurch towards socialism in the US most of the banks that had made bad decisions would have been acquired or merged with other banks, and their managers and stockholders would have paid the price as they should in a free market system, and the rest of the country would have been better off. Mervyn wrote: According to my newspapers today, the world is now looking to the socialist countries of Canada and Spain for the future of banking. Mario responds: Socialism has failed miserably in the long run wherever it has been tried. If socialism was the answer all its previous major proponents would not have relegated it to the thrash heap of history where it belongs. Marlon knows all this, or should, but, as we see once again, he is toothless in responding to balderdash by one of his cronies.
Re: [Goanet] Why the West's luck has run out - and why Canada and India's has begun
Mervyn, I have been tempted to invest in Canada, given its strong balance sheet, good financial system etc. Unfortunately, I don't think you can put Canada and India in the same boat. Some 70% of Canada's trade is with the US. If the US sinks, Canada sinks. In contrast, India is quite far removed from the US, both geographically and economically. Amongst the major industrial nations, India's continues to remain very insular and non export driven. Much of its trade with the US is based on services rather than consumption. While India will definitely feel the sting of the US problem, it will not be as severe as countries such as China and of course Canada. We are taking you down with us baby! Marlon --- On Mon, 2/16/09, Mervyn Lobo mervynal...@yahoo.ca wrote: From: Mervyn Lobo mervynal...@yahoo.ca Subject: Re: [Goanet] Why the West's luck has run out - and why Canada and India's has begun To: Goa's premiere mailing list, estb. 1994! goanet@lists.goanet.org Date: Monday, February 16, 2009, 6:16 PM marlon menezes wrote: In the video below, we see Bush promoting home ownership and bragging about the half trillion in increased lending to minorities and a reduction of restrictions and controls for home ownership. http://www.youtube.com/watch?v=kNqQx7sjoS8
Re: [Goanet] Why the West's luck has run out - and why Canada and India's has begun
marlon menezes wrote: In the video below, we see Bush promoting home ownership and bragging about the half trillion in increased lending to minorities and a reduction of restrictions and controls for home ownership. http://www.youtube.com/watch?v=kNqQx7sjoS8 Marlon, The date on the above video, March 17, 2002 (St. Patrick's Day) has a special significance me and other gold bugs. I was in a pub in Napa Valley, California watching the faith based leader when the woman who was courting me said, You know what, this guy is going to ruin the USA and the US dollar. That was the last day gold was at $292.00. The price of gold never returned to that price. In fact, it has tripled since. Coincidence? Secondly, the two countries that have been the most badly affected by the banking crisis are the US and England. On the other hand, the countries that are least affected by the US financial crises are those countries that were not hell bent on keeping their cash reserves in US dollars. As you know, all the major US banks have failed and are kept open today only because the US uses taxpayers money to support them. The UK has effectively nationalized their banking system. It is sort of like time travel to Indira Gandhi's days i.e. the time when people still believed that the govt could run banks better, with the same failed managers, if taxpayers money was used to pay for the bankers blunders. According to my newspapers today, the world is now looking to the socialist countries of Canada and Spain for the future of banking. No matter what Bush 43 or Greenspan says, there is no industry in the world that can self regulate itself. The financial systems of both Canada and Spain are in good shape only because regulations that were in place were; 1) not removed and 2) adhered to. Lastly, this weekend, the G20 named the Canadian deputy Minister of Finance as the co-chairman in charge of improving financial services and regulations in the group. The other co-chairman? Rakesh Mohan, deputy Governor of the Reserve Bank of India. Here is the link: http://www.theglobeandmail.com/servlet/story/LAC.20090216.RGSEVEN16/TPStory/?query=reguly Mervyn1650Lobo A Canadian woman has twins and gives them up for adoption. One of them goes to a family in India and is named Ahmal. The other goes to a family in Spain; they name him Juan. Years later, Juan sends a picture of himself to his birth mother. Upon receiving the picture, she tells her husband that she wishes she also had a picture of Ahmal. Her husband responds, They're twins! If you've seen Juan, you've seen Ahmal. __ Yahoo! Canada Toolbar: Search from anywhere on the web, and bookmark your favourite sites. Download it now at http://ca.toolbar.yahoo.com.
