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From: Bill Sloman <bill.sloman@ieee.org>
Newsgroups: sci.electronics.design,uk.d-i-y
Subject: Re: OT: EV Charging Stations Stripped of Copper Cables
Date: Sat, 13 Jul 2024 23:21:22 +1000
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On 13/07/2024 4:50 am, The Natural Philosopher wrote:
> On 12/07/2024 17:18, john larkin wrote:
>> On Fri, 12 Jul 2024 16:57:37 +0100, The Natural Philosopher
>> <tnp@invalid.invalid> wrote:
>>
>>> On 12/07/2024 16:30, Jeroen Belleman wrote:
>>>> On 7/12/24 16:45, The Natural Philosopher wrote:
>>>>> On 12/07/2024 15:25, john larkin wrote:
>>>>>> On Fri, 12 Jul 2024 09:25:51 +0100, Joe <joe@jretrading.com> wrote:
>>>>>>
>>>>>>> On Fri, 12 Jul 2024 12:18:39 +1000
>>>>>>> Bill Sloman <bill.sloman@ieee.org> wrote:
>>>>>>>
>>>>>>>> On 12/07/2024 7:48 am, Cursitor Doom wrote:
>>>>>>>>> On Thu, 11 Jul 2024 14:30:41 -0700, john larkin wrote:
>>>>>>>>>> On Thu, 11 Jul 2024 19:33:41 +0200, Jeroen Belleman
>>>>>>>>>> <jeroen@nospam.please> wrote:
>>>>>>>>>>> On 7/11/24 13:00, Joe wrote:
>>>>>>>>>>>> On Thu, 11 Jul 2024 09:29:33 +0100 The Natural Philosopher
>>>>>>>>>>>> <tnp@invalid.invalid> wrote:
>>>>>>>>
>>>>>>>> <sdnip>
>>>>>>>>
>>>>>>>>
>>>>>>>>> What do you think all those homeless people are going to do when
>>>>>>>>> the debt bomb finally explodes and there's no more money for cops,
>>>>>>>>> the army - or anything else?
>>>>>>>>
>>>>>>>> What's a "debt bomb" and how would it explode?
>>>>>>>> As long as society keeps generating and exchanging goods and 
>>>>>>>> services
>>>>>>>> it's not going to run out of money, which is just medium of 
>>>>>>>> exchange.
>>>>>>>>
>>>>>>>
>>>>>>> What use is the means of exchange if you can't exchange it for 
>>>>>>> anything
>>>>>>> meaningful?
>>>>>>>
>>>>>>> We are already past the point where the alternatives for many 
>>>>>>> countries
>>>>>>> are default or hyperinflation, which is just s more spectacular 
>>>>>>> form of
>>>>>>> default, and an involuntary one. It happens slowly at first, then 
>>>>>>> all
>>>>>>> at once.
>>>>>>
>>>>>> Inflation is a government's way to spend (and usually waste) money
>>>>>> that it doesn't have, by borrowing money that will never be paid 
>>>>>> back.
>>>>>> It is essentially stealing from its citizens, especially from 
>>>>>> savings.
>>>>>>
>>>>>> It's dynamically unstable and often runs away. The thing about
>>>>>> inflation is that there's never enough of it. The more you have, the
>>>>>> more you need.
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>>>
>>>>> The price of a loaf of bread, in terms of gold, hasn't changed in 600
>>>>> years.
>>>>> A friend bought £10,000 worth of gold in 2004, Its worth £80,000 now
>>>>
>>>> That's a gross simplification, and not guaranteed to work in the
>>>> short term. It's subject to random ups and downs like any other
>>>> target of speculators. Moreover, when shit hits the fan, you'll
>>>> be required to surrender it to your government in exchange for
>>>> money that's being inflated. It has happened before.
>>>>
>>>> The US has huge stockpiles of gold. It's a bit of a pity to just
>>>> hoard a metal that has so many *useful* applications.
>>>>
>>>> Jeroen Belleman
>>>>
>>> I have a little gold. Its appreciated about 15% in the last year
>>> It is the only really safe long term inflation hedge
>>
>> Land is good.
>>
>>>
>>> The government cant take it off you if they dont know you have it.
>>
>> Eventually it needs to be sold.
>>
> Many subcontinentals will take it off your hands no name no pack drill 
> wise.

And not bother paying you for it either. If the government doesn't know 
you've got it, it's hard to report the theft.

-- 
Bill Sloman, Sydney


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