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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (4539)	11/28/2001 12:09:46 PM
From: kirby49	Read Replies (1) \| Respond to of 36161

"biggest bailout in the history of mankind"...? Funny if it weren't so sad. Who will bankrupt themselves bailing them out? Al's printed what 250 - 300 billion since 911, all to go to money heaven in this sucker's rally, might as well keep the presses cranked up. After they finish printing enough to prop up Japan, then they'll have the presses well maintained and oiled, ready to bail out ____________ place in the blank whatever you think might come next. Of course it's been my opinion that he's been at it since about 96/7. I have been expecting it to end and end badly since 99, but it just keeps on going in waves with no shore in sight. To me I've been wary since Vince Foster's death, so I've been wrong much of the time. Or perhaps I just need to wait a while longer. Bob

To: Sharp_End_Of_Drill who wrote (4539)	11/28/2001 1:21:19 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 36161

re: Japan has been in a depression for 10 years: You must be using a non-standard definition of depression. The change in GDP for Japan, has been slightly positive, or slightly negative, for 10 years. That meets the definition of stagnation, or a series of recessions. It does not meet the commonly accepted definitions of depression. Their economy has gone nowhere, they are no longer the growth engine they were for a couple of generations. But their economy hasn't collapsed. They have displayed an inexhaustable and amazing ability to finesse all problems, and they may be able to continue doing so, indefinitely.

To: Sharp_End_Of_Drill who wrote (4539)	11/28/2001 3:27:34 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 36161

re: Gold; it's time has come ~ (Another History Lesson...ie: the inevitable historic repugnance that both Rubin & Greenspan have earned for what they created with the unbridled financial/dollar bubble that is now unraveling) Louis T. McFadden's address to the House of Representatives-1932 Louis T. McFadden was the Chairman of the Committee on Banking and Currency, who had 4 attempts on his life and was murdered on the 5th attempt. “Mr. Chairman…We have been dealing with the effect of things rather than with the cause of things…we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks..the iniquities of the Federal Reserve Board and Federal Reserve Banks acting together have cost this country enough money to pay the national debt several times over…This evil institution has impoverished and ruined the people of the United States. It has done this through…the corrupt practices of the moneyed vultures who control it…The Federal Reserve Banks…are private credit monopolies which prey upon the people of the United States for the benefit of themselves…The Wilson administration, under the tutelage of those sinister Wall Street figures who stood behind Colonel House, established here in our free country the worm eaten monarchial institution of the “king’s bank” to control us from the cradle to the grave… In other words, the imperial power of elasticity of the public currency is wielded exclusively by these central corporations owned by the banks…Why should our national-bank depositors and our government be forced to finance the munitions factories of Germany and Soviet Russia?…The United States has been ransacked and pillaged. Our structures have been gutted and only the walls are left standing…This is the John Law swindle again. The theft of Teapot Dome was trifling compared to it. What king ever robbed his subjects to such an extent as the Federal Reserve Board and the Federal Reserve Banks have robbed us? …I have singled out the Federal reserve currency for a few remarks because there has lately been some talk of her ‘fiat money’…Fiat money indeed!…Every effort has been made by the Federal Reserve Board to conceal its power but the truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will…when the Federal Reserve Act was passed the people of the United States did not perceive that a world system was being set up here which would make the savings of an American schoolteacher available to a narcotic-drug vendor in Macao. They did not perceive that the United States was to be lowered to the position of a coolie country which has nothing but raw materials and heavy goods for export; that Russia was destined to supply man power and that this country was to supply financial power to an international super state—a super state controlled by international bankers and international industrialists acting together to enslave the world…” ...history; such an amazing teacher ~