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


To: AC Flyer who wrote (12759)1/4/2002 1:54:00 PM
From: elmatador  Respond to of 74559
 
Shhh! He went to sleep now.



To: AC Flyer who wrote (12759)1/4/2002 2:18:38 PM
From: Baldur Fjvlnisson  Read Replies (1) | Respond to of 74559
 
Up yours. Have a nice day.



To: AC Flyer who wrote (12759)1/4/2002 2:26:32 PM
From: Baldur Fjvlnisson  Read Replies (3) | Respond to of 74559
 
And BTW, with 3000 employees how can the SEC scam come up with only 300-400 fraud cases/year? What is all that garbage doing to while away the hours? We didn't understand Enron. Is this supposed to be a serious law enforcement agency?

We're only talking about the world's largest economy here. A few hundred fraud cases/year.

Only almost 300 million people. A stock market that is basically one big fraud driven mess. Hello?

Enron: just a promising start. When AOL has been sold down to $10-12 the SEC scam will get the call and inform the market: We didn't understand AOL.

Ford: bankrupt. GM: bankrupt but a little later. Various financial companies: totally bankrupt.

How many balance sheets do you think JPM-Chase has?

That mess will go belly up this year and then the U.S. banking system will come tumbling down in a cascading way.



To: AC Flyer who wrote (12759)1/6/2002 7:45:52 AM
From: Condor  Respond to of 74559
 
Thanks...one of the best posts I've ever read on SI.

C



To: AC Flyer who wrote (12759)1/6/2002 4:43:30 PM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
<12. Last but not least, the dollar is now the world's reserve currency. We have the luxury of getting the rest of the world to send us stuff we can eat or use and sending them pieces of green paper in return. This can continue indefinitely.>

ACF, it's surprising how few people realize what a great financial advantage this is for the USA. They worry about the trade deficit, but an exported currency is great - better than $ill's software. Just print another $billion and lend it out! The world's burgeoning population and global trade needs more and more $$ and they can be printed without inflation because demand is so high.

This game can continue indefinitely, as long as Uncle Al and successors and the USA political system keeps the currency stable and strong.

BUT ... there is a lurking challenge. The Q. My beloved encrypted cyberspace currency representing ownership of companies around the world is in zygotic form, looming larger each day as a thousand technological developments bring its birth closer and closer.

People who have some Q will be the owners of the currency. They will actually make profits, just as owners of shares do now. People holding US$ have a will o' the wisp which can slip through their fingers overnight if there is a bank run, an Argentina, a major printing, an inflation. They don't own the money. They are just holders of an intangible good faith and hope piece of paper. It's a Ponzi scheme writ large, with no visible means of support.

It's only because there's no viable alternative that people tolerate it for now. But when they see a better way, the jig will be up, the printing game over and the US government will not be able to print profits daily at the expense of aliens who unlike USA citizens, don't own the currency and have to pay for their own governments out of their hard-earned money, while watching their US$ holdings being diluted by Americans printing more US$ for to cover their government needs.

Just as the Americans fought for independence from the usurious British, we, the aliens of the world are going to get our independence from the greedy Americans. When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We, the aliens of the world hereby declare that we wish to have our own currency, to trade freely among ourselves and Americans, without the usurious payments to Uncle Green$pan and successors. The Q will be freely owned and traded by any person, company or other entity.

Mqurice