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1 Bob Levin  Tue, Mar 27, 2012 6:49:08pm

Here’s the key line:

“If you invest in gold, then the economy doesn’t benefit from savings, I want investment to go to plants and equipment.”

We’re back to patents, invention, infrastructure, and sociology—what needs to be done, and who to do it.

2 researchok  Wed, Mar 28, 2012 1:18:46am

re: #1 Bob Levin

We need a plan.

It appears the banks and Fed are self serving- antithetical to what needs to be done.

3 Bob Levin  Wed, Mar 28, 2012 3:52:25am

re: #2 researchok

Not necessarily a plan. Banks, by nature, are either conservative to the point of stupid, or, in the last crisis, just plain stupid.

And that’s why there are venture capitalists, who take the risks that banks won’t take. There isn’t any great secret about the work that needs to be done—heck, infrastructure alone is a massive project needing all fields, all manner of work. This would take 20 years by itself.

But there is more work to be done on energy, new inventions that change transportation, change energy usage in the basic home. Historically, the government does not lead the charge when it comes to innovation—at best they throw the problem to some private citizen and yell ‘Fix this by god!’

In the history of invention, there is a point at which the inventor is just some shlub tinkering. Maybe he’s now part of a scientific think tank. Or he or she’s part of a group stuck in the closet of a large corporation—I’m thinking of Xerox’s PARC division.

Eventually the banks come on board, when they pretty much are no longer needed, just to maintain the already established company or trend.

However, I wouldn’t look to banks to predict any trend. They were even late to the mortgage and home party. In fact, I might say that it’s time to sell when the banks get involved. They pull up the rear (feel free to make a pun here).


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