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Thread: U.S. Identifies Vast Riches of Minerals in Afghanistan

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by Harry Guerrilla View Post
    Ouch!

    Did you mostly stay with in the major cities or did you travel to more remote areas?
    I'm more interested in the country side and less inhabited areas.
    I feeled asleep so sorry for not getting to you earlier.

    I was in Gujarat which is a state near the Pakistani border and in Mumbai and Deli and the city Agra I think where the Taj Mahal is located. I think though that the Taj Mahal is closed now to all tourists. Also remember that there is no less inhabited areas in India. I think like each state has over 10million people or at least it feels like it. A lot of people everywhere you go.

    So I guess it was a little of both. But more then anything we stayed in Gujarat it was a nice place and remember that the infrastructure is not the same as here. There is nothing as bad as the traffic in Deli and the roads too. It took 8 hours back from the Taj when we returned at night. I think the majority of the time on the road spent was less then 20miles. Very bad road system in India. And then there are the animals on the roads and that ranchers allow for their cattle to go around the cities at least in the less popular places. There were cows everywhere and water buffalo as well.
    Last edited by Gray_Fox_86; 06-15-10 at 04:22 PM.

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by justabubba View Post
    i read that and laughed, because it underscores how little you know, both about me and about the subject of wealth accumulation (besides being totally off topic ... as is this reply)
    so, thanks for the laugh ... but it wasn't with you
    You're defining wealth as an arbitrary income number which underscores how little you know about what wealthy really is.

    People like yourself assume that the lifestyles of the super wealthy are the equivalent of the lower income versions of wealthy.

    Whether you like it or not, the vast majority of wealthy people earned their wealth.
    There is a mantra of the community of personal wealth accumulation that tells the complete story of how to live in order to build wealth.

    "Live like no one else now, so you can live like no one else later."

    Just to put the icing on the cake of my argument.

    "Two economics professors have already blown a hole through your theories. Steven Venti of Dartmouth and David Wise of Harvard studied the issue of income versus wealth for the National Bureau of Economic Research a few years ago, using Social Security lifetime earnings and net income assessments for 3,992 households whose heads were near retirement age. Among their conclusions:"

    "* Theres a huge variation in wealth at every income level. Many low-income families have almost nothing. But the same is true of many high-income families.
    * Income alone doesnt explain wealth disparities. Some of the lowest-earning households had managed to accumulate significant wealth.
    * In fact, income differences explain just 5% of the wealth dispersion the researchers found.
    * What the researchers called chance events -- inheritances, medical bills, marital status, number of children -- explained about 4% of the dispersion.
    * Investment choices explained about 8% of the variations."

    "In other words, the vast majority of the differences in wealth had nothing to do with income, chance events or investment choices."

    "What did explain most of the differences in wealth? Venti and Wise concluded it was this: How much the families chose to save. Those who made it a priority to save built wealth, regardless of their income level, individual circumstances or choice of investments."

    An easy, 3-step wealth score - MSN Money

    Ru Roh shaggy, you got some splaining to do now.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by Harry Guerrilla View Post
    You're defining wealth as an arbitrary income number which underscores how little you know about what wealthy really is.

    People like yourself assume that the lifestyles of the super wealthy are the equivalent of the lower income versions of wealthy.

    Whether you like it or not, the vast majority of wealthy people earned their wealth.
    There is a mantra of the community of personal wealth accumulation that tells the complete story of how to live in order to build wealth.

    "Live like no one else now, so you can live like no one else later."

    Just to put the icing on the cake of my argument.

    "Two economics professors have already blown a hole through your theories. Steven Venti of Dartmouth and David Wise of Harvard studied the issue of income versus wealth for the National Bureau of Economic Research a few years ago, using Social Security lifetime earnings and net income assessments for 3,992 households whose heads were near retirement age. Among their conclusions:"

    "* Theres a huge variation in wealth at every income level. Many low-income families have almost nothing. But the same is true of many high-income families.
    * Income alone doesnt explain wealth disparities. Some of the lowest-earning households had managed to accumulate significant wealth.
    * In fact, income differences explain just 5% of the wealth dispersion the researchers found.
    * What the researchers called chance events -- inheritances, medical bills, marital status, number of children -- explained about 4% of the dispersion.
    * Investment choices explained about 8% of the variations."

    "In other words, the vast majority of the differences in wealth had nothing to do with income, chance events or investment choices."

    "What did explain most of the differences in wealth? Venti and Wise concluded it was this: How much the families chose to save. Those who made it a priority to save built wealth, regardless of their income level, individual circumstances or choice of investments."

    An easy, 3-step wealth score - MSN Money

    Ru Roh shaggy, you got some splaining to do now.
    ok, let's do focus on wealth accumulation instead of income and see if that will make your case. and by looking at this graph you will recognize that it makes mine and undermines your own. the wealth of this country - like the income - is not well distributed

    and if we apply our own approach to wealth accumulation to extract the wealth of mineral resources found in afghanistan, i would reasonably expect the same outcome. very few afghanis will realize much of the wealth available from the mineral resources of their nation
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by RightinNYC View Post
    And I'm asking you what you think that means, because it's certainly not a rebuttal to my point.



    I buy my groceries online and have them delivered to the door of my Manhattan apartment. I pay 69 cents/cucumber and 99 cents/lb for onions. I find it hard to believe that you're paying 90/2.29 at a Walmart.
    I am just saying that using a median is theoretical and has not been proven to be accurate. It's only a guess.

    That's fine, you don't have to believe me about the prices but you are welcome to call the norfolk, Va walmart on Military Highway and try to prove that I am lying. The onion price is a per pound price.

    BTW, that does not include a 5% sales tax cost.

    Here is an excerpt concerning "median" wikipedia" "The median can be used as a measure of location when a distribution is skewed, when end values are not known, or when one requires reduced importance to be attached to outliers, e.g. because they may be measurement errors. A disadvantage of the median is the difficulty of handling it theoretically"
    Last edited by LiberalAvenger; 06-15-10 at 05:27 PM.

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by LiberalAvenger View Post
    I am just saying that using a median is theoretical and has not been proven to be accurate. It's only a guess.

    Here is an excerpt concerning "median" wikipedia" "The median can be used as a measure of location when a distribution is skewed, when end values are not known, or when one requires reduced importance to be attached to outliers, e.g. because they may be measurement errors. A disadvantage of the median is the difficulty of handling it theoretically"
    The quote you reference does not mean that "using a median is theoretical and has not been proven to be accurate. It's only a guess." I don't really know how else to say this.


    That's fine, you don't have to believe me about the prices but you are welcome to call the norfolk, Va walmart on Military Highway and try to prove that I am lying. The onion price is a per pound price.

    BTW, that does not include a 5% sales tax cost.
    I'm not going to call and compare onion prices, I'm simply noting that I pay less than half of that for delivery to my door in one of the highest QOL places in the country. I would be very surprised if you could not find them cheaper near you.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by RightinNYC View Post
    The quote you reference does not mean that "using a median is theoretical and has not been proven to be accurate. It's only a guess." I don't really know how else to say this.





    I'm not going to call and compare onion prices, I'm simply noting that I pay less than half of that for delivery to my door in one of the highest QOL places in the country. I would be very surprised if you could not find them cheaper near you.
    Nobody is cheaper than walmart.

    Example, One bag of eight O'clock coffee at Food Lion: $5.98, Walmart: $3.88. On the average wal mart is about 40% cheaper on most of their items.

    Then there are the ghetto supermarkets where the poor shop who have no transportation. Their prices are off the wall.
    Last edited by LiberalAvenger; 06-15-10 at 06:31 PM.

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by LiberalAvenger View Post
    Nobody is cheaper than walmart.

    Example, One bag of eight O'clock coffee at Food Lion: $5.98, Walmart: $3.88. On the average wal mart is about 40% cheaper on most of their items.

    Then there are the ghetto supermarkets where the poor shop who have no transportation. Their prices are off the wall.
    FreshDirect

    FreshDirect

    If food prices in Northern VA are really 2X food prices in Manhattan, something is drastically wrong with NoVA.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by RightinNYC View Post
    FreshDirect

    FreshDirect

    If food prices in Northern VA are really 2X food prices in Manhattan, something is drastically wrong with NoVA.
    It's not available in this area.

    Virginia is a right to work state. Unions are nearly non existent here. The wages are the same as they were ten years ago for the blue collar trades. There are a few exceptions such as government jobs but even they are below the national level. Also, we have a Confederate governor and state attorney general. He is a good friend of Pat Robertson of the Christian Broadcasting Network.

    It's basically pro business and anti labor.

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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan


  10. #90
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    Re: U.S. Identifies Vast Riches of Minerals in Afghanistan

    Quote Originally Posted by justabubba View Post
    ok, let's do focus on wealth accumulation instead of income and see if that will make your case. and by looking at this graph you will recognize that it makes mine and undermines your own. the wealth of this country - like the income - is not well distributed

    and if we apply our own approach to wealth accumulation to extract the wealth of mineral resources found in afghanistan, i would reasonably expect the same outcome. very few afghanis will realize much of the wealth available from the mineral resources of their nation
    All that graph tells me is that 1% of people manage their money better than 99% of people.

    Why am I not surprised.
    You can't make people manage their resources well, if they don't want to.

    On the other side of that though, many Afghans will have the opportunity to realize a higher standard of living, as well as, the possibly of building community resources like water purification plants and a national electric grid.

    Both of those are good things for everyone.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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