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About Wayfarer

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  1. Thanks Adam. You have kept the flame of hope alive.
  2. Official statements issued by both sides on Saturday, as the pair held more than four hours of bilateral meetings, hinted at some of the disagreements between the world’s two largest economies. According to a White House statement, Obama told Xi of “America’s unwavering support for upholding human rights”. “China opposes any other country interfering in its internal affairs in the name of human rights issues,” Xi told Obama in response, according to Xinhua, Beijing’s official news wire. In an interview with CNN, Obama warned Beijing against muscle-flexing in the South China Sea. Xi told Obama his country would “unswervingly safeguard” its claims in the region. Bishop said: “Other than in climate, in most areas of the US-China relationship there is increasing amounts of friction and some actually increasingly quite hot friction around the South China Sea and some of these military [interactions] in the region.” “The US is looking a little weak and a little tired and I think [Beijing is] happy to put anybody in their place when they can. I think they see the opportunity to make Obama look weak,” he added. Both Bishop and Guajardo said the reported confrontations between Chinese and US officials and journalists following Obama’s arrival in Hangzhou were par for the course in China. “That is just typical China. I remember when my president came, one of the Mexican press corps came out of it with stitches,” Guajardo recalled. But Obama’s unceremonious arrival was unusual and surely deliberate, the former Mexican ambassador added. “Just as the Chinese are about giving face they are also about not giving it and letting you know that they are not giving it to you … They don’t overlook these things by mistake. It’s not who they are. It’s not the way they do these things,” he said.
  3. Thanks for the paper. But I was disappointed when Iraq's economic resources were not even mentioned, let alone factored in to the value of the IQD. This is significant if only because we investors have always pointed to Iraq's vast oil reserves, its mineral resources, etc., as more reasons for an eventual RV. Puzzled.
  4. Happy New Year, Adam et al. Our appreciation for the brightness of your exceptional skills and tireless efforts surpasses by far the clouds of disappointments that have always come. But that 'once in a lifetime' day of fruition will surely come. GO RV!
  5. The major reason I believe it will most likely be between .01 and .10 cents is because Adam says so. Another reason is the declining state of the country. Iraq has dropped out of the 24 hour news cycle, so we're not hearing news concerning its ubiquitous violence and killings. World investors know about this. Thus, a reval will come in low, if only to seem credible. That spread also seems more 'realistic' than other possibilities. Over the years, the GOI and the CBI have grown accustomed to functioning at the comparatively low range of Dinar valuations. Iraqi leaders can still live quite comfortably at a .01 to .10 revaluation, unless they are provided with compelling reasons to go higher. I can't think of any, considering the ME mess they're in.
  6. Adam, TFAYD (thanks for all you do)
  7. May I humbly disagree. Business and corporate owners can make these necessary and equitable changes themselves, on their own. Meaning, voluntarily. Government isn't even necessary.
  8. Absolutely correct! But you seem to miss the point. Or maybe I wasn't clear. A rising tide lifts all boats. More money can easily be infused into the economy if more people shared in the wealth THEY produce. Now, however, its being accumulated into a relative few hands. I mentioned profit sharing, which would help achieve that economic effect. Nothing revolutionary. Take IBM, for example. Many assembly line workers are millionaires. So your business earnings can be considered YOUR money and YOURs alone if it is earned without employee labor...government funds...special concessions...etc. Just saying...
  9. Of course, you are right. In Japan, there are limits imposed upon CEO earnings. And, here, we are not taking about 'mom and pop' businesses or even businesses in which only hundreds of thousands or a few millions are earned in net profits. If I read you correctly, you work hard and deserve your earnings, while also enabling other people to attain self-dignity through work. The real issue, however, is far greater and affects the entire economy. Everyone can be much more prosperous if the cumulative wealth generated by peoples' labor was not channeled towards, and then hoarded, by a few at 'the top'. Human prosperity, including your own, is being deliberately thwarted by greed, which has nothing to do with capitalism. Because capitalism allows for profits to be shared. Doesn't it? Bottom line, our economic focus is being intentionally misdirected so that we fight and argue amongst ourselves, while obscene wealth continues to be accumulated in the hands of a few.
  10. +1 Good laugh. The Vikings have always been one of my favorites.
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