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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: jim black who wrote (5499)7/2/2001 5:49:18 PM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
Gidday Jim, but not so fast there! I certainly don't trust the USA government. They are as loopy as they come. Check out electricity supply in California where the government organized rolling blackouts the same as they have in third world India for goodness sakes! Clinton made it illegal to buy NZ sheep meat in a trade-protectionist effort. It's amusing to see the USA beating its chest about free trade, while being a black sheep in the flock [which is mostly black so they are in good company]. The USA government attacked Microsoft, one of the greatest wealth-creators in human history. Hang on, they are probably the greatest! They attacked a bunch of religious wackos in Waco and killed a bunch of children to save them [shades of saving Vietnamese from communism - killing a village to save it]. Then they committed a war crime by executing Timothy McVeigh. I think it's against the Geneva convention to kill prisoners of war and Timothy was definitely at war with the USA. Now that Milosevic is on trial, those involved in the execution had better watch out or they'll find themselves on trial. I'm kidding of course, because government and rule of law is still only about power, not logic. Collective guilt was taught to Timothy so he wasn't too worried about the tenuous relationship of his victims to the crimes he was avenging; the concept of collateral damage was not his invention and Hiroshima was the biggest single demonstration of collective guilt - a sort of large scale Waco and Alfred P Murrah bombing.

Anyway, that's enough sidetracking. Suffice to say I don't think the USA government is closely related to Buddah [who I wouldn't trust too closely either] or God [in whom some trust - I just checked some USA banknotes I have here and sure enough, they still trust in God, and, of course, Alan Green$pan]. So, no, I don't trust the USA government too closely. I like President Raygun's idea, "Trust, but verify". So, while things look steady, yes, I trust the USA government and voters, but I keep a close eye on the exits.

I trust the Fed to do what I expect they will do based on their previous actions. I also listen carefully to Alan Green$pan to see if there is any hint of change. There hasn't been so far and all is according to plan. Apart from the Zenit and the useless marketing by Globalstar's service providers.

Mqurice