SI
SI
discoversearch

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.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (66760)3/30/2001 11:58:58 AM
From: Rarebird  Read Replies (2) | Respond to of 116753
 
<How much longer can they keep up the game of "divesting" what they've already loaned and is now gone?>

The paper game or Ponzi scheme cannot go on ad infinitum, as the decline in the Nasdaq over the past year has illustrated. The end of the Ponzi scheme(which is not illegal BTW- that's where GATA has it all wrong) will come from a Cascading Dollar.

Ultimately, the economic fundamentals rule and determine the movement of the currency in question. There is a mistaken assumption here that the US is going to get hurt less than its trading partners in a global economic downturn. This is not 1997. I think it is very possible as the economic environment deteriorates even further, one of the CB's breaks rank and buys Gold.

How much longer would you continue to fund someone who you know deep down cannot pay you back and whose economic situation is getting worse each passing day? Wouldn't you eventually cut your losses and start over?



To: long-gone who wrote (66760)3/30/2001 1:36:48 PM
From: Rarebird  Read Replies (3) | Respond to of 116753
 
FBI nabs refinery worker on bomb threat

Friday, March 30, 2001 12:48 PM EST

LOS ANGELES, Mar 30, 2001 (United Press International via COMTEX) -- An
employee on a stress disability leave was arrested for allegedly threatening to
open fire on his co-workers at a Los Angeles-area oil refinery and the set off a
bomb in the highly flammable plant, it was reported Friday.

The Los Angeles Times said an assault rifle, armor-piercing ammunition and books
on explosives and living as a fugitive from justice were found Thursday at the
Torrance home a 37-year-old employee of the Chevron refinery in El Segundo.

"We feel a potentially significant workplace tragedy was prevented," said FBI
Assistant Director James DeSarno.

The suspect was scheduled to be arraigned Monday on charges of interfering with
interstate commerce through threats, threatening to use a weapon of mass
destruction and mailing threatening communications.

The FBI said refinery worker had been on stress disability leave from the plant
for two years and, according to a Chevron psychologist quoted in court
documents, had threatened last December to blow up the refinery.

The Times reported that the man had filed a lawsuit last summer claiming that
Hispanic employees had been unfairly promoted over him.

The Chevron El Segundo refinery is located near the coast less than 1 mile south
of Los Angeles International Airport.

Copyright 2001 by United Press International.

News provided by COMTEX

comtexnews.com