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Fun reading, and there will doubtless be many more Tales of the Incredibly Stupid and Financially Illiterate. This will all end badly, and for everyone, even those few of us intelligent ones left.
Solar powered stirling generators, stirling car engines, a solar concentrator that amplified solar
cell outputs, boron fueled generators, several types of alternative power plants for cars
including a hyraulic motor similar to Buckminster Fuller's original concept for the Dyamaxion car.
An automated deep sea mining system to extract minerals from both sea water and the ocean floor.
Nobody would back further developments beyond test models. But military and nuclear projects got lots of money. Also many big projects for middle eastern oil facilities.
justme
2009 Nov 5, 3:24am
pinnacle, thanks. Was this all in one company (GE?) or a number of different places?
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I just spoke with a friend who knows a "real estate genius", who bought 5 properties outside the bay area, and 3 IN the Bay Area.
All on an income of $60,000 per year!
Well, she has now lost ALL those properties, including the 3 in the bay area.
This is one of those watershed moments I have been waiting for. The genius locals who have leveraged themselves out the wazu are starting to default left and right.
If there are any others out there, that have heard similar stories about these Geniuses in the bay area, please post a note.
Thank you
#housing