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

To: Stock Farmer who wrote (9995)	9/21/2001 10:33:40 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

The US$ comment, "In God we Trust", actually means in Uncle Green$pan we Trust, now that the Aztec component has largely gone, though we can be sure that if gold rises very far, there will be a LOT more of it sold by governments who have been looking for a way to unload some more at a profit while stabilizing the financial systems. Money isn't really a store of value so much as a means of exchange. Obviously it remains a store of value but the price to be paid for using it as a store of value is a dividend to Uncle Sam by way of dilution of it due to Uncle Al printing more and more every year and interest payments on borrowings of it and tax on interest payments received on loans of it. The best store of value is now productive capacity. That's the stockmarket if liquid forms are wanted. All the value of that is captured by the owners [other than taxes on income]. The trick is to invest and store value in productive capacity which will stay in business and earn huge profits. Such as CDMA rather than airlines or wealth-effect driven first class holidays and Dom Perignon. "In Gold we Trust" is the Aztec way. Look what happened to them. Gold's value largely depends on people continuing to value it because other people value it which has an eerie parallel to the internut stocks which had value only because other greater fools would value them higher [fingers crossed]. Having just seen what happened to the Internet Ponzi scheme, I'm surprised the Aztecs aren't feeling a little nervous. They only make money [they don't really want gold, they want purchasing power in future which is money] if somebody comes along who is even more nervous than they are and pays them more. Here are some stores of value: 1.... Simple religious faith. "In God we Trust" [that's for Islamic Jihadists and other superstitious wackoes who will be disappointed when they find the world is not running for their special benefit and Santa in the Sky doesn't have special favours for them - entropy is against them]. 2.... The found wealth syndrome. "In Gold we Trust" [these are the Aztec Ponzi scheme dreamers who are hoping to duplicate the Internut Investment scenario = they had better not be the one left holding the share certificate]. 3.... Fiat money and trust in governments. "In Uncle Green$pan we Trust" [that's for people who have moved away from pure mysticism and Aztec status and are depending on 'money velocity' and deferred purchasing = interest payments to keep them in the manner to which they wish to remain accustomed. They should remember wheelbarrows of money can be printed and dilution can be fast and infinite. They will be whittled away by taxes and inflation which will not be going away any time soon. 4.... Humans together, versus gravity, entropy and the universe. "In Q we Trust". [The modern world where ownership of productive capacity is fully liquid, transactable anywhere on earth, can be used for payments of any size and is as secure as the value of the desire of humans for goods and services - which seems to have always been with us while creating a consumer surplus which translates into high profits. It's inflation-protected because any amount of newly-printed $$ doesn't change the utility of a CDMA phone to people]. 5.... God created by humans? Back to step 1. "In IT we Trust". [CDMA and CDNA combined into a cyberspace/DNA symbiotic existence of unknowable construct and purpose. See Bill Joy's "Why the future doesn't need us". See Ted Kaczynski's fears. See Stephen Hawking's suggestion that we start sprucing up DNA if we want to keep up with or at least take part in the future of computing and cyberspace. There is no need for money [in any sense we currently mean, though transactions would still have value]. There are no individuals. All is one. Omniscient, omnipotent, eternal, above and below the event horizons of both consciousness and gravitons. We don't know where we're going but we're on our way = call me a superstitious religious wacko]. Mqurice

To: Stock Farmer who wrote (9995)	9/22/2001 1:35:44 AM
From: elmatador	Read Replies (4) \| Respond to of 74559

John, US people are pragmatic. They have fervour but it doesn't last very long and pretty soon they re-assert themselves and go back about their business. Just wait until the bills start coming. The inconvenience starts to get on the way of business and then things go back to normal. Give you examples: 1) 1960's revolution in civil rights, lots of flower power hippies, drugs, guitar playing heroes and all that. The generation just grew up to be like some 45 years old in this Thread. Hey, they are not hippies, man! 2) Vietnam War ended and the Watergate scandal made Americans think about their institutions. Get Jimmy Carter, wait four years for everything go back to normal and then after that was business as usual. 3) Who remember the Teheran hostages? The helicopter that crashed against the B52 and the fiasco of trying to rescue the hostages? No one. 4) Who remembers the Gulf War? It was fought Saddam went back to Iraq and is still there.