Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: 4figureau who wrote (6697)	9/18/2002 2:30:47 PM
From: Jim Willie CB	Read Replies (2) of 89467

unexpected fallout from minor ease of Iraqi tensions money might exit the longstanding haven in the USDollar we saw today and yesterday that US Banks are more important perhaps than Iraqi threats I think restricted oil shipments are every bit as important as faltering banking system I have been harping on JPMorgan DISINTEGRATION issues since February, much to the nausea of Voltaire Devotees never did I say JPMorgo will go quickly into the night this will be a multi-staged walking of the plank I expect several critical junctures where JPM will leak money fatally it is beginning the deadcat bounce off 18 to 26 in August was a fool's rally now comes the retest it just might get stuck at 18-22, which is a horrible fate they will fail to meet capital requirements on their derivative book one thing is for sure regarding GOLD visavis JPM when gold explodes, almost no association will be attributed to the banking sector it will be a particular commodity market or Brazil defaulting on humongous $B's in debt or S&P coming down below 7500 or MortBacked Securities reversing to hurt Treasurys these are all linked via derivative (futures contracts) Buffet labels them as "financial sewage" very appropriately to JPM and Gold Cartel soon: oops, you die / jim

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