His Work Cut Out For Him
Unfortunately, nothing he has done so far will help. In fact, if Obama's grand plans for health care nationalisation, energy starvation, military demoralisation, and amnesty for illegal aliens etc. are actually carried out, economic matters are likely to get far worse before getting better.
There is a good reason why leftism brings misery wherever it is put into practise. Obama has no experience in the real world, and refuses to learn from the experiences of others. His mind is full of misty, disconnected notions and whims, tied together by the limitless ambition of the total narcissist.
Interesting times to be alive. If you can get around all the corruption and stupidity in high places, some interesting opportunities are beginning to develop. Stay tuned.
Labels: economics, leftist decay, politics
posted by al fin at 10:44 am
3 Comments:
Al
that's an interesting table, I note the preponderance of Democrats in the minus zone, and of Republicans on the plus side.
I suppose you might argue that the damage was done to the economy during previous administrations, but the Dow has more to do with confidence than anything else, and so far Obama isn't inspiring much of that.
I'm all agog to hear more about the opportunities you mention. I'd buy gold, but it seems a scared move, and I remember a memorable phrase from somewhere: scared money never wins.
Your blog is becoming a regular stop for me, I'm enjoying the combination of science and politics.
Thanks, Steve.
Gold and silver are simply the old stand-by when paper and electronic currency are inflated. They are always opportunities in the face of that particular threat.
I am referring to something entirely different, opportunities that occur when far worse possiblities than simple inflation threaten to come about.
There are two ways to "get in on the ground floor" of an industry or technology. One way is to sense when an emerging technology is ready to bloom, and to invest in it before most others do. The other way is to be one of the few to have investment capital after things fall apart. You would still need to know where to invest, but we still have time to figure that out.
I am speaking on the local and regional scale, since that applies to far more people than the national and international scales.
But when central governments prove untrustworthy and lose credibility and clout, local and regional scales become more important.
Yes, I was thinking of something like those emerging technologies. I have my eye on an Australian friend who is working on developing algorithms for Web 3.0, in conjunction with a company based in Singapore. That's to say, as I understand it, he has the algorithms, but they need to be incorporated in an appropriate structure, and crucially, be adopted by one of the major players. The big question is, at what point to go in....
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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell
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