To: Les H who wrote (17053 ) 6/12/1999 11:49:00 PM From: James F. Hopkins Respond to of 99985
Les; Something that none of the news pundits seen to point at, Not CNBC or any of them, is when the market did it's belly flop last year while it Looked like 19% it was really 27.8% the Fed knows , and the money monkeys in the investment banking fraternity knows. Take a look at the Dollar Index. Now the ones inside the loop knew ahead of time the Fed was going to take action ( and that action would kill the value of the dollar ) Same shit happened in 97. So what's the deal ? Well they are positioned to short the dollar prior to such moves then using money swaps buy the market when the dollar hits it low ( they got in with dollars a full 8.8% cheaper than the $ was before the dip took place so they got an additional 8.8% discount on the price of buying back in compared to domestic funds and the average American. -------------------- Had you been in Europe at the time and looking at the S&P trading in EUs or in Japan Trading in YEN you would have seen the S&P fall the full 27.8% or maybe a little more. This is a slight of Hand the Fed uses to fool the domestic sheep into thinking a market crash is not as bad as it seems. A cartel of investment bankers can set the value of any currency at any price they so chose and they know ahead of time just who they will screw next. This stuff don't happen by free market supply and demand , the supply is manipulated by a hand full of people to make it happen. --------------- Well I didn't intend to be so long winded with this post but being I'm on a roll I'll just keep going and worry about my mistakes and omissions at a latter time. ------------- There is no way any one can convince me it's not rigged, and that the bigger currency swings are not arranged , they coincide too much with other factors that if one looks will show you just how bad the ordinary Tax payer gets shafted "Two ways". Meanwhile more and more assets wind up in the hands of the big power brokers while and every one else gets less of the gross national product. ----------- What happens this time if The Fed don't kill the dollar is we see the full extent of the fall. By the way with all the bullshit of a surplus how come the nation debt went up, when if we had a truly loyal Fed they could have bought back part of the debt at an 8% discount last October instead of flooding the market with money. No the damm fed buys back debt when the dollar is high to help out their damm parisitic friends. Any one who thinks CreemSpam is looking out for America needs their head examined , he is just a money monkey with a velvet tongue when it comes to double speak, but his heart and soul belong to the money monkey fraternity. ------------ If we had even a half way honest system. (1) Money swaps would be TAXED half of it going to the country whose currency is getting screwed, the other half to the IMF so it wouldn't keep needing to get more and more hand outs. (2) If the IMF can't be fully self supporting it should be disbanded. (3) The IMF nor any other Government type entity should not be allowed to deal in Gold or other precious metals , A gold standard is against a free market and you can never get the crooks to stop putting in the Fix, or politicians that are above taking the kick backs. The right wimgers who think we need a gold standard will hate this, but all any government will ever do on some gold standard is screw you buy manipulating the price of gold. GET Govenments out of that racket all together. (4) You would have Regulation and oversight , but not constent "intervention" into the market. (5) A national debt needs to be owned by the people in the country other than perhaps the IMF holding some dept, or one country lending to another, but keep the investment bankers broker dealers from swapping this crap around out of sight while paying off their cronies with perks and creating this corny capitalistic system buy owning the national debt. IN short let them only own debt in the Country they reside in and then they redeem that debt there too, not short sell it all around in collusion with their other brothers to enslave any dam country that is foolish enough to play their game. If we are going to have an IMF it should be endowed to be fully self supporting via Taxes & or interest on the money lent out. It should also be "non profit in sprit redeeming any gains over time in an equitable manner to the Governments that support the concept. All currency swaps over 10K should be cleared by the IMF a tax placed on them with half of the tax being used to support the IMF the other half marked to book as a credit to which ever countries currency "is being sold" --------------- This is over simplistic and omits a lot of details but with out some form of this we will never will have any stability in the currency markets, nor will the majority of the people who truly produce & earn the right to a better life ever be able to collect on that right as it will constantly be stolen by the most parasitic do nothing smooth talking organized criminals who have and always will worm their way into the fabric of every government that tries to embrace a market system. There must be ( blocks or check points put in that makes short selling in collision not so dam profitable for these criminals and via a TAX is the only thing I can come up with that will at least take a bite out of their demonic scams. -------------- ( in it's own way our crony capitalistic system is degenerating into a form of communism that's just turned inside out with privileges for the power brokers and slavery for the rest ) The main difference is we have TAXES , and more and more the Taxes are going to feed the international money monkeys who are set up to be permanently on the dole. Jim