| Subject: | Re: A Wonderful History Book On Global Trade… |
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| Date: | Mon, 26 Jul 2010 18:05:42 -0700 |
| From: | Jas Jain |
Jas, wealth and power have never been long permanent in any place.
...they travel over the face of the earth,
something like a caravan of merchants.
On their arrival, every thing is found green and fresh;
while they remain all is bustle and abundance,
and, when gone, all is left trampled down, barren, and bare. - William Playfair
Incidentally, Playfair is credited as being the first to utilize various types of charts. He also made a study of why some countries were unable to hold onto their wealth:
http://www.gutenberg.org/catalog/world/readfile?fk_files=195753&pageno=3
"If it is of importance to study by what means a nation may acquire wealth and power, it is not less so to discover by what means wealth and power, when once acquired, may be preserved… From this almost universal picture, we learn that the greatness of nations is but of short duration. We learn, also, that the state of a fallen people is infinitely more wretched and miserable than that of those who have never risen from their original state of poverty." (my emphasis)
Thanks, AS, for the reference. Preserving wealth is not something that a born-and-bred American dope spends much care on. A good example is Warren Buffett. Trust me, even with a much higher material standard of living a falling standard of living for a middle-class American family is lot more painful than a rising standard of living for much poorer middle-class families in China and India. Nothing can stop falling standard of living for the American middle-class. The Crooks have done the dirty deed and the fix is in. The fault of the American dopes is not recognizing the Crooks in time and then not be able to do anything about it. Political impotence is cause miserable of the American dope. Yeah, yeah, American dopes have a vote! Stupid people never can learn.
Jas
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