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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: freechina who wrote (1692)	10/27/2005 11:29:14 PM
From: Maurice Winn	Read Replies (1) of 218173

<the banks are ready to create enough money, out of thin air, for themselves to buy- for themselves! -all the property and assets in the country! The banks would own everything! > QUALCOMM has no debt, a mountain of cash, nearing $10 bn. I have no debt and own shares. How do the banks get to own QUALCOMM? They are welcome to buy it from me, at the right price. In which case I will buy something to compete with their overpriced assets and they will lose money. Similarly, I don't think they'll be owning Microsoft any time soon. Or Google. Or lots of other things. They will likely own a lot of real estate, but I imagine they'll sell that at auction as prices start dropping and mortgagor backing becomes inadequate. I doubt they want to own real estate, other than to recover their loans. Mqurice

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