Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (2783)	7/21/2002 11:57:22 AM
From: SOROS	Read Replies (2) of 89467

Jim, How about this? 90% of the corporate profits of the 1990's were complete fraud. America had all but dismantled its entire manufacturing base. The people at the top devised a plan to keep the "economy" "strong." They were so myopic that they had total disregard for anything beyond 10 years -- "we'll worry about that when we get there." So they came up with a plan to ease or ignore accounting standards so corporations could pay with options. They allowed "pro forma" statements so the illusion would be convincing. They overstated problems (Y2K, etc.) so easy money could flow. They led a moral decline very subtly to make their plot easier. Now they expand the stock choices with very appealing huge numbers of mutual funds. The money is there courtesy of Greenspasm and company. The enticement is there courtesy of the controlled media. The illusion of profit is there courtesy of the government and accounting inmates. The "great" jobs are there courtesy of David Copperfield's options. It was a win-win situation for everyone. The US could be the most prosperous nation on the planet peddling nothing but "dis"-information. The only problem was time marches on, and ten years passes in a blink. Now they are scrambling to try and figure out a new scam to keep the bankers (sheep, "investors", etc.) funding this entire plot ("economy"). Will the people see that the emperor not only had no clothes, but he stole their clothes? Will they be embarrassed when they look down and see that their "profits" have shrunk and are now exposed? Or, worse yet, that their "profits" were an illusion and their "big daddy" extension has simply fallen off and they know they were never "da man" their portfolios told them but a cheap imitation placed on with 10-year holding "crazy" glue? If the "bank-rollers" of this entire scheme see the truth for what it is, this perceived "wealth" orgy is over. Time will tell. It always does. I remain, SOROS

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