[ExI] FW: How Electricity Became a Luxury Good
kellycoinguy at gmail.com
Thu Sep 12 23:31:38 UTC 2013
On Wed, Sep 11, 2013 at 6:32 AM, Mirco Romanato <painlord2k at libero.it>wrote:
> Il 11/09/2013 01:02, spike ha scritto:
> > On Tue, Sep 10, 2013 at 8:14 AM, spike <spike66 at att.net
> > <mailto:spike66 at att.net>> wrote:
> Egypt is on a lifeline now and Saudi Arabia will be in the future. They
> are full of depreciating USD, food prices are skyrocketing (thank you
> Uncle helicopter Ben). Saudis are unable to produce anything, they have
> a 25% (at least) of their population formed by foreign laborers that
> will leave if they are not paid enough and have no love for Saudis.
> It is easy to stay retrograde and poor when someone is subsiding your
> lifestyle and prevent you from going from poor to starving. Then, when
> starving happen, people start to question everything and have little
> patience with everyone. It is then that revolutions happen and thing
> radically change forever.
I've heard interesting comparisons between Spain and Portugal and their
squandering of New World gold profits and Saudi Arabia and their oil
wealth... The take home point of these is that it is unlikely that Saudi
Arabia will have any political power in a hundred years.
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