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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (19513)	7/6/1999 6:58:00 PM
From: James F. Hopkins	Respond to of 99985

JB;<OT> Well I could carry that indirect burdened labor to extremes, and also come up with a case where labor was at the heart of inflation. That's what the bankers and the Fed does, but I've seen enough books to know interest is the biggest cause, & the cost of energy the second biggest, and the cost of energy is jacked up by interest more than actual labor. I should never get started on this subject. <G> Labor is held hostage to a system that thrives on a National Debt, and the vagrancy's of big bankers. Show me any Hotel or Motel that pays out as much on the help as they do the interest on their loan. Show me a house that's built that the finance charges are not more than the cost of all the labor that went into building it. Show me a Truck Diver that makes more than the cost of his fuel bill, the taxes & the Loan on the truck. It don't happen. Hell I owned my own Tug for a while, and often used my sons as the deckhands, I can tell you I didn't make anything compared to the cost of fuel insurance and Taxes , hey I mean even after I had the damm thing paid for, without having interest to pay the system itself put a bigger overhead by far on my doing business than any labor did. To top that off here I've got a boat paid for & no debt and come the shut down of the oil fields in the early 80s and 90% of the other boats are defaulting on loans, so the government lets them go Chapter 11 or some such and here I have to compete with dead beats who don't intend to pay their bills , day rates went to next to nothing , anyone who did manage to use sound fiscal policies is now the one who was penalized. My boat that was worth over 100K cant be sold for 30K all in about 6 months, and one major break down could now wipe out all my profit for two years, while the dead beats didn't have any of that to worry about, hell they not only never paid for a boat, they never intended to as most of them were financed for 3 times their value even before the glut. Who cared it all got warped up in the S&L bail out, and then swept into the National Debt and now we pay taxes on that fiasco and will pass the bill to our children and even our grandchildren When we talk about what Labor cost or makes and I look at the rip off this system exacts on that labor I wonder just who in the hell was it that said it pays to be honest ? Must have been a politician, but then when I take a good look back in history at the few honest politicians we had , damm near every one that was honest and honorable died dead broke. That's a fact. Jim