Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (40156)	10/25/2003 12:58:38 PM
From: James F. Hopkins	Read Replies (2) of 74559

Haim; That post was very insightful.. The part Re Would summarize that the capitalistic system reverted to global socialism due to the technological advances. Is what I would like to expand on..an example is INDEX FUNDS..technology with computer program trading of stocks and futures has made Indexing and ETFs not only possible, but now they are ever more popular.. If something like MSFT or GE or any of several Huge Market Cap stocks sell off; for the indexers to adjust; every thing must get punished..if the Huge Caps get bought every thing gets rewarded..in other words when it rains it rains on the good stocks and when the sun shines it shines on the bad stocks, indexing is handicapping the premise of rewarding good stocks and punishing bad ones..to the point that shit gets bought until the market breaks and a recession causes one after another to all go BK , and it takes a disaster to weed out the junk stuff.. in effect the end result of indexing is socialism. --- Of course there are other factors and Globalisation also winds up as a from of socialism, a form that is some ways worse than the old communism.., our form of capitalistic socialism leaves every one at the mercy of the big international investment money swapers..they become like the Duma in Russia, and with the power to appoint who they want as CEOs and they also control the choices of politicians for which the public can vote for.. ---- FX swaps are the key to their power..for years I've said we need to tax FX swaps..let half the tax go to the country who has their currency sold or shorted,,take the other half of the tax to fund the world bank ( and get it off the back of the small man ).. This would do a lot to stabilize currencies and rob the Capitalistic Socialistic DUMA of their chief source of power. --- The idea for a Tobin Tax on currency swaps has been around for years but it will never come about peacefully..the Duma would hire assassins to get rid of anyone who had a chance of pushing it through..it won't happen short of a huge upheaval similar to the French Revolution.. Jim

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