Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: KeepItSimple who wrote (80982)	12/23/1999 12:46:00 PM
From: SeaViewer	Read Replies (2) \| Respond to of 86076

Fiat/paper money rose at a rate of around 100% per day, to the point where if you didn't cash your paycheck instantly after receiving it you would be thrown into poverty. It happened in 1948-1949 in China. I was not born. But the olders told me people had to cash the paycheck as fast as they could, so they could buy rice. It was a total choas and it accelerated the fall of Kumingdong (the ruling party).

To: KeepItSimple who wrote (80982)	12/23/1999 1:15:00 PM
From: pater tenebrarum	Respond to of 86076

KIS, while i'm not approving of your penchant for exaggeration, i do agree with you that this unprecedented speculative episode can only end badly. and i admit that we must prepare for a massive backlash against liberal capitalism once the house of cards crumbles. we can only hope it won't turn out to be as bad as you say it will. imo a 50% loss in the popular averages would not result in the installation of a socialist government...but a 90% loss might (a 90% loss implies a severe depression follows in the wake of a crash). all things considered, i still believe that the system is more resilient today than it used to be in the 20's and 30's, but it is hard to gauge what the mountain of derivatives might kick loose once the fit hits the shan.

To: KeepItSimple who wrote (80982)	12/23/1999 3:28:00 PM
From: Mike M2	Respond to of 86076

KIS, I have thought about that possibility for some time I think other do but don't want to sound like a nut but this market has made me a nut. If the Fed continues to fuel this bubble your nightmare scenario may come true. mike