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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (229832)3/21/2003 10:01:52 AM
From: Tom Smith  Read Replies (1) of 436258
 
Don't know why you didn't come
Waited by the House of Fun
Don't know why you didn't come.
So, left with Norah Jones instead.

Gold is not a fickle mistress but she she does attract impestuous lovers.

Derivative monster keeps growing.....as Les's article notes, 125T. Will consume more and more of the world's wealth to service all this incredible risk that everyone seems to be running from. If the morons weren't leveraged up to their eyeballs they wouldn't have risk.....so the key is to offload your risk onto someone else who is wealthy and preceives less risk with your position than theirs. Let's see, the Japanese Banking system is perpetually on the verge of default and the japanese public is quite wealthy....JSP (Joe Saki Pak) can be the bagholder. So the call goes out from ClubFed and the BOJ agrees to support the dollar on the forex (and probably beyond). Magically, the BOJ has found the means to devalue/inflate the yen that it couldn't seem to muster before. How long will this BOJ war tribute to the USD last...until the end of civilization as we know it. Because the war for perpetual peace requires unending vigilance and if it takes 200 yen to the dollar so be it. Are you listening Joe? Got yen carry trade? Could be dicey....Got Gold?
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