SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Currencies and the Global Capital Markets
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chip McVickar who wrote (45)5/6/1998 10:32:00 AM
From: Jerry in Omaha  Read Replies (1) of 3536
 
Greetings Mr. Carpenter;

You posted; <<Never understood why the IMF needed to be secretive.....
except that it's run by the 'elite' and that's what they like for management.>>

Perhaps something I posted on another thread could help shed some light on
that phenomenon. In a discussion on why corporate directors and managers
lurk and don't post on Silicon Investor threads I said:

"...lawyers have been doing their job of putting the fear of God and Gavel
into the ears of hypnotized executive eyes staring at a screen full of
Silicon Investors. They know full-well that any posting sets a perilous
precedent possessing tar-baby tenacity. The posting portal is one way only
and putting finger to keyboard means first removing it from the dike holding
in the corporate secrets; the real power in corporate hierarchy."

There is a basic conflict with increasing information access and the absolute
need to control the flow of the information of wealth and the wealth of
information needing control. The perception of the need for secrecy can
only increase. What will be the enhanced premium for secrecy? What counter
costs will result to free information flow using mis- and dis-information?
What about the inherent fragility of total reliance on electronically
encoded "bits and bytes" of currency? What if one of Henry's fond French
loonies gets really pissed off and pops a 2KT Elecrtro Magnetic Pulse device
some 250 miles directly over Bonn and fries all of EURO's microchips?

You posted; <<Financial panics may become a thing of the past....as
larger currency blocks stabilize the markets...>> I contend that as
corporate hierarchies flee to increasing secrecy the masses will flee to
secure currencies especially those of long-standing stability like gold.
Maybe Y2K will fizzle; maybe it will sizzle; but it just might frizzle the
fragile electronic basket that holds all our non-golden currency eggs.

What else is "out there," agent Carpenter? Do you Want to Believe?

Jerard P
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News