Here.
2005 International Consumer Electronics Expo.
*weeps quietly that it is thousands of miles away*
"[Bill] Gates will ... construct a "home of the future" in the car park of the conference. The so-called NextGen05 Demonstration House will feature lighting, climate control and a security system that can all be operated via a single remote control — or a computer loaded with Windows Media Centre software."
Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Not that I want a Microsoft house, but still.
I've been planning to be an expatriot since I was about twelve, but this article in the Asia Times is encouraging me to take what little cash I have and exchange it beforehand:
THE NAKED HEGEMON Part 1: Why the emperor has no clothes"Uncle Sam has reneged and defaulted on up to 40% of its trillion-dollar foreign debt, and nobody has said a word except for a line in The Economist. In plain English that means Uncle Sam runs a worldwide confidence racket with his self-made dollar based on the confidence that he has elicited and received from others around the world, and he is a also a deadbeat in that he does not honor and return the money he has received.
How much of our dollar stake we have lost depends on how much we originally paid for it. Uncle Sam let his dollar fall, or rather through his deliberate political economic policies drove it down, by 40%, from 80 cents to the euro to 133 cents. The dollar is down by a similar factor against the yen, yuan and other currencies. And it is still declining, indeed is apt to plummet altogether."
Well, aside from that, the article mostly talks about what crooks we Americans are. But, correct me if I'm wrong, we do have the ability to kill tons of people and ruin lots of the world's liveable areas, right?
And this bit is just questionable:
"Uncle Sam absorbs the savings of others who themselves are often much poorer, particularly when their central banks put many of their reserves in world-currency dollars and hence into the hands of Uncle Sam in Washington, and some also in dollars at home. Their private investors send dollars to or buy dollar assets on Wall Street, all with the confidence that they are putting their wherewithal in the world's safest haven (and that, of course, is part of the above-mentioned confidence racket). "
Most Americans know that the stock market is a gamble. I'm not sure exactly how that knowledge would have bypassed foreign investors.
The author, Andre Gunder Frank, mentions that the U.S. is also horrible at saving--we have a .2% savings rate. "Super-saver Japan" invests $140 billion annually in our stock market. But they aren't exactly fools over there. I seriously doubt that "Uncle Sam obliges them, through the good offices of their own states, to send their thus literally forced savings to Uncle Sam as well in the form of their "service" of their predominantly dollar debt to him. " How we so persuasively "oblige" them isn't discussed.
But that wasn't my point in mentioning Japan. Rather, I had a question: how do the Japanese
do it? I mean, from what I read, the rents are extraordinarily high. The costs of living is high. The amount of stuff you're expected to buy is high. The prices of those things are high. The rate at which you're expected to replace them is high. The things themselves are small, but everything else is high, high, high. So
how are they saving money? Do they not eat? No man can do everything; something always gives; so what gives in Japan? Do they scrimp on Post-Its and paperclips?
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