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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: MoneyPenny who wrote (44177)1/1/2004 11:21:35 PM
From: Raymond Duray  Read Replies (1) of 74559
 
Miss Money Penny,

Don't be penny wise and pound foolish. These seemingly profligate and insane borrowers may simply be better informed than you are.

Re: you buy a vacation home for 2 or 3 million but must borrow to furnish it...I'm uncomfortable.

Imagine a scenario being concocted by Bush and Greenspan that will bankrupt the general population of the United States and reward those who seemingly are acting irrationally by assuming astonishing debts at high rates.

Does it cross you mind that these folks may be part of an inner circle of cognescenti who are extremely vulgar, crass and perfectly willing to be part of a conspiracy to debase the currency much as occurred in the Weimar Republic in Germany in the 1920s.

The gamble, which many aristocrats won in Germany, was to go into debt during and immediately after World War I. Those who did so found that by the time of the rise of Nazism that their actual debts had diminished to a silly sub-decimal of their original obligation.

Do we have traitors to the American public who want to destroy our social safety nets, wreck the government's ability to aid the general population and further concentrate wealth in their own hands? Absolutely. And unfortunately the scumbags have stolen our government from us, as well as the banking system.

***
It is not wise to finance things that lose most of their value on delivery.

That's only true if these fat cats don't destroy the fiat money by means of seignoirage, which presently they are totally in control of, and seemingly totally callous about manipulating.
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