A Parable about Sorrowland

This is a parable about a nation by Charles Munger, a long term associate and partner of Warren Buffet. There are of course no prizes for guessing the nation!!!

Basically, It's OverA parable about how one nation came to financial ruin.

By Charles MungerUpdated Sunday, Feb. 21, 2010, at 3:30 PM ET

In the early 1700s, Europeans discovered in the Pacific Ocean a large, unpopulated island with a temperate climate, rich in all nature's bounty except coal, oil, and natural gas. Reflecting its lack of civilization, they named this island "Basicland."

America going to Greece!!

How reliable is the AAA rating of the US? If so where is the safe haven?

FT.com / Comment / Opinion - A Greek crisis is coming to America

http://www.ft.com/cms/s/0/f90bca10-1679-...

It began in Athens. It is spreading to Lisbon and Madrid. But it would be a grave mistake to assume that the sovereign debt crisis that is unfolding will remain confined to the weaker eurozone economies. ...

Greece's cup of woe!

More skeletons out from the cupboard!! Goldman Sachs help Greece mask its actual debt. That's creative Accounting!

Greek Debt Crisis: How Goldman Sachs Helped Greece to Mask its True Debt - SPIEGEL ONLINE - News - I...

http://www.spiegel.de/international/euro...

Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit.

Can you imagine it, if the roads you travel on start producing electricity that can power a nation like US and has LED's underneath that signals traffic alerts and other information. This is no longer a science fantasy!!! If successful, it will be the first solar roadway project.

Solar Roadways

The Solar Roadways project aims to maximize the sun-soaking capabilities of road surfaces as a stable and secure source of clean energy.

Read more at Suite101: Solar Roadways: Power, Security and Stability

Biggest Bubble of All

China's reserves of USD looks to the biggest bubble and the biggest ponzi or pyramid of all, and even China can't control it. We have heard about Multinationals growing so big that they will start controlling Governments and ultimately the world. But now that most of the big multinationals are going kaput (will Toyota be the latest? -

Toyota Halts Sales of 8 Models in U.S. for Pedal Flaw ) , this fear is gone.

But the red nation is getting so big with its reserves, that they can buy the biggest banks or even whole econmies. Like the article here says, "After all, if economies were for sale, China could use the $453 billion of reserves it amassed last year to buy Greece and Vietnam and have enough left over for Mongolia". And that is only the reserves it amassed last year.

Biggest bubble in history is growing every day

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