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To: Ahda who wrote (62154)12/22/2000 8:44:04 PM
From: d:oug  Respond to of 116906
 
... on your plastic card, as i don't think i could run that one through on mine.

Darleen,

Your above comment was done in jest, but i wonder if you
have any knowledge about those bankruptcy laws that cover
not businesses but just persons as in a household where
the man and woman with a regular job and regular house
and a couple kids in highschool find themselves on the
other end of what was posted recently on this thread
of a link to another thread. (follows)

From: michael finsterwald Friday, December 22, 2000
[start]
An emergency rate cut won't be a good thing.
People still don't get it.
We have banks in trouble and the fed is going to
have to start bailing out some of the idiots
that loaned 15 credit cards to every living being.....
[end]

My discussions with people caught in the above nighmare
has reveal that smorgasbord of activity lacking of those
who post on this and other SI threads who meet the world
head on and realize that there is no free lunch and if
something sounds too good to be true, then it ain't,
and when we do get suckered into something like a con
or take bad advice we will react with anger and try and
fight back, but deep down we know that "we knew better"
and grudgingly accept the responsibility while keeping
a careful eye out hoping to extract revenge and maybe
also find a ladder to climb outta the hole we fell in
caused by our own movements based on trusting another
and that slick feeling that we are too smart to fail
or get trapped by things we are "experts" on.

Most trapped in that credit card debt are not of the
SI awareness type and are clueless on how and why
such a great forever healthy expanding wealth effect
usa economy can stop and do a U turn.

In the past when banks obtain great loses with those
bad loans to other nations like Mexico and Russia
the Feb bailed them out at taxpayer expense using
the threat that a world order collapse would happen
if not done, which would hurt the taxpayers more.

That to me was garbage, but what if this time the reasons
given for a POSSIBLE HUGE bank crises is that the banks
pumped out too many credit cards in the ways mentioned here?

Might public opinion not let the Fed save the banks
since they acted in a "in spirit" criminal manner?

Seems that banks could get a bad repretation as not being
for the good of society and thusly lead to a massive overhall
using government laws and regulations.

The folks i talk to in a credit debt trap are angry and hoping
that the bank(s) they own those monthly very high interest rates to
will fail and disappear so that when they mail in a monthly statement
they will get back that letter and unchashed check from the post office
saying that "No one at this address - outta business."

Guess i'm wondering how this credit card debt can be forgiven
without the standard using taxpayer money to pay them off.

If not and its busineess as usual, then credit card holders
will be put into bankruptcy and lose whatever ability to remain
cunsumers and only buy needed things like medical, food,
bullets, beer and transpertation.

No more new goods like cars and TVs and eating out.

I forget, stagflation is when people stop buying causing
the demand to go down and supply remains high but prices
also remain high rather than fall.

Feeds on itself, folks lose jobs, buy less etc.

Maybe if this credit card debt is as large and unstable
as some of us think or hear, then this could be the straw
that may break the back of the usa economy.

I'm not really "out there" as i do cash on the barrel
and do not look at prices closely except for ice cream.

d:o)g



To: Ahda who wrote (62154)12/24/2000 8:19:40 AM
From: d:oug  Respond to of 116906
 
A conspiracy to remove golden canary inside of fiat coal mine.

... the enormous growth of fiat currencies and credit
we witness today is without precedent,
the paper hangers are worried.

They realize that they have gone too far,
created many orders of magnitude too much
worthless paper.

... in so deep that they have formed a conspiracy
to put a bullet through the golden canary
in the fiat coal mine.

Darleen,

The above from the gata egroups.com I just posted.

"Cry Havoc! and let slip the dogs of war!"
By Adam Hamilton
December 22, 2000
egroups.com

The end of this article makes a case for shareholders
of gold mining companies to deliver to management
the following message of a possible "what if."

"Let them know that there are legions of shareholder lawsuits
ready to be born and quickly activated to full maturity
if the Howe/GATA legal action results with a finding
that the gold conspiracy really existed,
and during this time the mining managers
failed to investigate public warning by GATA
and their own shareholders so that if need be
appropriate action to protect shareholder's value would occur."

... if you own shares in gold mining companies,
turn up the heat on management to support GATA.
... demand that they immediately investigate GATA's claims
thoroughly and support GATA. If they refuse, demand that they
return to you the detailed reasons for their refusal in writing,
signed, and sent via registered mail for future legal reference.

Tell them that you, their bosses, will not tolerate inaction
while your share price dwindles into oblivion.

Let them know that there are legions of gold shareholder lawsuits
waiting in the wings when it becomes more widely known
that Howe was right and the conspiracy really exists
and the mining managers failed to act.

If the public relations people provide unsatisfactory answers,
bypass them and get in touch with top management,
either by yourself or through your attorney.

Let the gold company managers know that the company's OWNERS
will give no quarter to those who are too weak to make a stand.

A comment by Samuel Adams in 1776 is applicable
to gold mining company managers in this situation:

"If ye love wealth better than liberty, the tranquility
of servitude better than the animating contest of
freedom, go home from us in peace. We ask not your
counsels, nor your arms. Crouch down and lick the hands
which feed you. May your chains set lightly upon you,
and may posterity forget that you were our countrymen."

As a gold investor... Make yourself heard!

Finally, general knowledge of the lawsuit is very important.

Write to the news media and your elected representatives,
tell your professional colleagues, and spread the word
as far and wide as you can...

... friends of gold, our time is now.

Gold is ready to burst from its shackles,
and we will help it along. It is high time
for the conspirators to reap the whirlwind they have sown.

Cry Havoc! and let slip the dogs of war!
Adam Hamilton
December 22, 2000