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To: Alex who wrote (62793)1/20/2001 12:57:52 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 116753
 
Alex, make sure your plan can borrow your neighbor's work with a promise to repay it in the future. You better be careful, you may be giving ABX ideas? <VBG>



To: Alex who wrote (62793)1/20/2001 2:08:59 PM
From: lorne  Read Replies (1) | Respond to of 116753
 
Hello Alex. Great plan, sign me up. Just a couple of questions though. 1) Do I need any money to join in. 2) Does age make any difference. What I mean is can I leave the work for my Grandchildren to do or do I have to do it myself.
Sounds like a fool proof plan so far. Good thinking.
Lorne :-)



To: Alex who wrote (62793)1/20/2001 9:33:19 PM
From: long-gone  Respond to of 116753
 
<<I'm working on a new work derivative plan here in Canada. It's entirely based on the New Economy principle of get something for nothing. The plan is quite simple. We propose to do work at some time in the future for which we are paid now. Better yet, we managed to negotiate the right to roll these promises over indefinitely into the future as they come due. It's the working man's contribution to the dot.com/futures age. Rock on. >>

DIG IT, Can we use margin to play the new market?



To: Alex who wrote (62793)1/21/2001 1:59:29 AM
From: d:oug  Read Replies (1) | Respond to of 116753
 
Alex,

Your Work Derivative Plan ignited quite a lot of interest.

The part that i liked the most was the following,

"... questions/concerns/worries can be hedged."

Great, as this leaves in the dust the old fashion
types of hedging done initially by those to help
the real hard working people like farmers that
can lose months of labor in a single day or in
the period after planting. But then i'm not sure
if hedging helps a farmer that produces no crops.

Funny, as i sit here waiting for my brain signals
to get their act together and deliver to my awareness
more details about a farmer getting a price ahead of time
for crops he will sell after the next planting season,
i wait and i'm waiting and it seems that no more info
is available for i to receive on this topic. But i know that
i do have more recorded, as i remember reading stuff.

But nope, nothing.

Like waiting for those cows to come home.

Wait, i know whats what here.

Yes i got info about hedging and derivates,
but it was put into that place in my brain
reserved for "Mankind, gone out of control into WackoLand."

Imagine a hundred years ago,
or whenever America usa was settled,
the time folks went west in covered wagons
and what one created and accomplished
was what one created and accomplished.

The above last 2 lines,
and...
was...
no free lunch
no life insurance policy
no one saying "For a fee i will protect your work output."

Now, we have bon-ron & GooZoonTight telling us
that there are folks skilled in government methods
and folks skilled in mathmatical paper creation
such that the skills and hard work and facing dangers
type people that build the usa into a world power
are old fashion and replaced with Technology
and World Powers that Be in banking & finance.

Oops, forgot to mention above the BirdZoneLand
that has a door into the DumbZone so that these
folks can remind us that only they understand
what we think we understand, but we really do not.

hedge your fears away,
and for a fee someone will accept your risks
and this someone will then hedge the risks he obtained from you
as he hedges them to another
and on and on
and eventually in the end
one person will carry the weight of all the risks of planet Earth
and he will look up into the sky
and with a simply nod from his head
he will cause the sky to fall.

doug



To: Alex who wrote (62793)1/21/2001 8:24:47 AM
From: TheBusDriver  Read Replies (1) | Respond to of 116753
 
Alex, got a good chuckle from your post and the many that followed. The absurdity of a derivitive work plan got everyone going<grin> but I see it as a lesson in the absurdity of the gold carry trade also.....it's gotta break down sooner or later....we can't ALL sell forward our labors!!

What you been smokin anyway???

wayne