[[ Check out my Wordpress blog Context/Earth for environmental and energy topics tied together in a semantic web framework ]]

Sunday, September 19, 2004

Virtual Gold Rush

Using the term "gold rush" used to imply the mad dash to recover a valuable resource from some rugged or unchartered area.

Apparently, the term now indicates speculation in financial markets, in that the early investors stake their claim and make out like bandits. Unfortunately, having the gold rush refer to oil futures does not portend well for our own future.

The underlying implication, not well understood by the vast majority reading this news, leads to the potential for never achieving a concrete gold rush in any non-renewable resource, ever again. So we are left with the virtual gold rushes that, in essence, are nothing more than houses of cards.

Ponzi schemes.

Pyramid frauds.

A gold rush to mine the gullibility from the neverending source of marks and dupes.


Post a Comment

<< Home

"Like strange bulldogs sniffing each other's butts, you could sense wariness from both sides"