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

To: TobagoJack who wrote (7366)	8/18/2001 2:12:25 AM
From: Maurice Winn	Read Replies (4) \| Respond to of 74559

<... the true meaning of Cramer's message to you is "sell your seat on the lifeboat to the folks who are encouraged by me to get on, and you, Maurice, wade to shore, climb up that Swiss mountain, wave goodbye to those in the lifeboat, heading into the storm.> Jay, it did occur to me that when the lifeboat is getting crowded and it's riding really high, I should sell my seat to the last person desperate to rescue some of their hard-earned assets from continued Green$pan punishment of those who insist on trying to keep their money under a mattress or in a bank, earning interest, instead of getting out there and having some fun with it. Just as Uncle Green$pan put the screws on the dot.bombs and increasing debt and irrational exuberance until they called "Uncle", he will keep the screws on the fearful US$ money-clutchers until they go out and spend their cash, either on business investments or consumer goods and services. "Still holding at 4% interest? Okay, we'll take you down to 2% and see how long you sit on your hoard. Meanwhile, I'll just go on printing more and diluting your holdings whether they are under a mattress or in a bank - money can't hide anywhere from the printing press." I don't think those swimming in the US$ ocean have yet felt the temperature starting to rise. They are not yet struggling for a place in the lifeboat. Which reminds me of the urban myth [which might be true] that frogs don't feel the temperature of water rising and will simply cook without trying to escape. You are obviously not a frog - more like a duckling. The true wealth in life is as you described, with additions of course. Meanwhile, I think the Hong Kong banker couldn't understand Alan Green$pan because Alan speaks American. Perhaps the Hong Kong guy thinks everyone in the world speaks Chinese, whereas they actually all speak English. Joking aside, I seriously do NOT agree that Uncle Al is senile. I have listened and watched him carefully and he is very far from senile. I do not understand the people who claim he mumbles, is unintelligible etc. I have no difficulty understanding his talking or writing or body language. He speaks extraordinarily clearly in my language. Perhaps those who think he is senile, mumbling etc simply don't like the message and as so many people do, attack the messenger as though that will change reality. I have listened to his interrogators from Congress and if I was to choose the befuddled, confused and ignorant, I would pick the Congressors, who seem much more inclined to make ignorant personal position statements in the form of questions than seeking enlightenment on economic and monetary matters. I can't think of anything I've disliked about Alan's efforts or words. It's all made sense to me. If that Hong Kong banker has those ideas, then he is at risk because he obviously doesn't understand the situation. Uncle Al is one cool dude! He is not senile. If somebody would be kind enough to link me to a senile statement from him I'd be delighted to examine it. I will give $1 PayPal reward to anyone who can show me a senile statement. I suppose I can email $1 in PayPal. I would not bet against the US$ [other than in very small doses] even though it is apparently very high. Aircraft Carrier USA is not sinking too far! It has got a lot of strength behind it and great prospects. CB's post shows some reasons why the US$ is reasonably placed [20% risk is not a lot in my book and in the realms of normal fluctuation, which you obviously wish to avoid being robbed of - me too]. Mqurice