Archived posting to the Leica Users Group, 2012/05/19
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]They will not have either reserves left or a growing GDP after the inevitable day when they have to recapitalize their bankrupt banks. There is only so long they can postpone their banks taking a realistic mark-to-market bloodbath in Government Bonds by bailing out Greece, Ireland, Portugal, Spain, Italy and finally France, and maybe Netherlands too. Helmut Kohl must be laughing in his grave - the biggest unification is yet to come! Cheers Jayanand On Sun, May 20, 2012 at 1:50 AM, Richard Man <richard at richardmanphoto.com>wrote: > Heee hee, I plead the Fifth. > > Could be the German too, they are one of the few European countries with > growing GDP! :-) > > On Sat, May 19, 2012 at 1:15 PM, Robert Meier <robertmeier at usjet.net> > wrote: > > > Did you mean a 'tectonic shift'? > > > > On May 19, 2012, at 3:09 PM, Richard Man wrote: > > > > > As someone who grew up in the government projects in Hong Kong, then > > "made > > > it" and bought a house in Palo Alto, but now hit with the financial > > > fallout, plus having one kid in college and one kid entering college > in a > > > year or so, I can fully understand Philip and Chris' plight. Did I work > > my > > > arse off to get to where I was? Yes. Do I see the same problems that > they > > > allude to? Yes. > > > > > > What I see is a system increasingly deck against the Little Guys, but > my > > > rant is only suitable for the Forum. Yes, the opportunities are still > out > > > there - for my children's sake, I sure hope that it is true. But one > > should > > > not think that the situation is the same as even 5 years ago. Times > have > > > changed. A nothing 3 bedroom house in Vancouver can fetch over 1.3 > > million > > > dollars, mostly because of all the rich money from China. How would you > > > like to be growing up in Vancouver and then knowing that there is no > way > > > you can stay there? Same thing is happening in the Silicon Valley (and > > have > > > been happening since I moved here ~20 years ago). We are seeing a > > Teutonic > > > shift, just that it's not affecting people in "other countries," but > > right > > > here in USA, and not limited to a particular race or geographic > regions. > > > > > > > > > -- > > > // richard <http://www.richardmanphoto.com> > > > > > > _______________________________________________ > > > Leica Users Group. > > > See http://leica-users.org/mailman/listinfo/lug for more information > > > > > > _______________________________________________ > > Leica Users Group. > > See http://leica-users.org/mailman/listinfo/lug for more information > > > > > > -- > // richard <http://www.richardmanphoto.com> > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information >