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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (89410)	2/11/2001 11:56:27 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Seriously, why couldn't the gov at least plate the dollar coins with a gold alloy. I notice a lot of people now won't even bother to bend over and pick a penny up off the sidewalk. I figure it takes me about a second to do so and that's a tax-free income of $36.00 an hour and also a good bending exercise. I can't believe the thousands of coke bottles I used to collect as a kid and drag to the store in a wagon for the 2 cents refund. But my best enterprise was to sell chances on a chicken. People would ask, "Who is this lottery for the benefit of?" Not being very advanced in huckstering finance, we answered, "For us." Most people still bought a ten cent chance anyway. The chicken we bought live and killed. It was a scraggly thing. We had heard that it helped to put it in boiling water to get the feathers off. So we stirred it around in a pot of boiling water for ten or fifteen minutes. Didn't hear any complaints from the winner of the half-cooked chicken, though--a Professor of French not given to making a ruckus about anything.

To: Knighty Tin who wrote (89410)	2/11/2001 4:11:52 PM
From: mike jolley	Read Replies (1) \| Respond to of 132070

The article on pg. MW14 of Barrons was a capitualation on gold if I've ever seen one ... So how are you playing gold right now MB?

To: Knighty Tin who wrote (89410)	2/11/2001 7:12:44 PM
From: ild	Read Replies (3) \| Respond to of 132070

MB, Where do the banks get the money to lend to me at 1.9%? I understand why they do it, but how and where do they get that money? I understand where FRE and FNM get the money for mortgages - they resell their stuff, but I really doubt First USA has any collateral for 1.9% loan they made to me. Thanx - ild EDIT: What concerns me is HUGE amount of credit lines available. If I lose my job I can live on them for a year or more, make a round world trip and then file BK. EDIT2: When somebody says "the FED pumps the money into the system" what does that mean? Who gets the money? In which form? Do they need it? Can they get the same amount from other sources? EDIT3: People say it's Greenspan's fault that the economy stalled becuse he raised the rates. I disagree. Do you?

To: Knighty Tin who wrote (89410)	2/11/2001 7:32:52 PM
From: ild	Read Replies (1) \| Respond to of 132070

MB, How to interpret this data: FED Open Market Operations app.ny.frb.org