Think what you may: Think what you can,
!WOW! is the King!
Over 400 applicants from the world over!!! All desirous of the General Body honor!!
Special Honor and Membership for every country in the world!!
Well, well, I got one hell of a lot of attention here and maybe that should certainly get Langley's attention if not KGB's. Hahaha! Just kidding!!
The precious metal coins were invented by the kings of Lydia in the seventh century BC, and this first step evolved right through to the development of paper currency 2400 years later. All riches were accumulated through trade, investment conquests and corruption!!
Just imagine progress in this Long March!?
Control of the money supply depended upon either the discovery of new wealth in mines or the reminting ( and debasing) of actual coins. The more the coins were debased the ,the further their buying power fell. The very same truth holds true for governmentally backed paper, which requires strict economic discipline and regulatory controls: lacking these the value is marked down.
At the extreme the result is hyperinflation and depression!!
While the world at large screamed with anxiety and jitters and oscillations, America poured billions by billions into Banks and Financial Institutions that brought the world and their economy to its knees. But the Chinese......
but the Chinese spent their stimulus billions on an ''epic 19,000 miles of new railroad track!!'' Amazing!!
And consider the above in the context of the miserable state of Railway in the developing and reeling world!!
Nearly half of that total will go towards completing a web of more than 42 inter-province hyper speed railway lines that will link almost every major city in China.
The fastest of the Chinese new trains travel at 220 miles per hour. That's speedier than both Japan's bullet train and France's T.G.V. - and half again faster than the quickest train in America, Amtrak's Accela Express. So, so China comes out of the economic crises with a rail system that will be the envy of the world!
What conclusions you all draw, I leave to your thinking?
But let me startle you all !! But now, extremely abstract forces have started to get into the play, by creating or destroying wealth by leveraging the power of information tools without taking into sufficient account, real life consequences. Already, for every single dollar spent or invested in the ''real'' economy, an estimated $40-60 are floating in the financial CYBERSPACE!
Sooner than you can imagine, consumers will have every nanosecond access to ''privately minted digital dollars'' or e-cash, made avialable by broad-based commercial alliances revolving around hubs of financial, communications and industrial expertise.
Consortium backed electronic money will significantly enhance the power of private rather than the publicly regulated netwroks of wealth.
Governments will find themselves competing directly with commercially issued currencies.
The world will spin on its axis like never before!
With respectful dedication to Lawyer S Zulfiqar Abbas Naqvi. For Great legal acumen -but through a greater human honor!!
Samurai to clear all the names on !WOW! before drawing up the final list of the General Body for publishing!
Let's get the checklist out and Line up!!
Good Night & God Bless !
SAM Daily Times - the Voice of the Voiceless
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