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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (52678)	6/5/2002 12:30:19 AM
From: Jim Willie CB	Read Replies (5) \| Respond to of 65232

sure have, FrenchMan... and my pleasure to explain carrys as WW2 Boomers age, we will have horribly inadequate pension programs, abducted/stolen Social Security Funds, a very large pension aged population with a much smaller younger generation to finance thru huge tax burden this SocSec load this younger generation has red and purple hair, posts in their noses, their eyebrows, their lips they barely speak the English language they love Black Rap and White Rap music they hardly ever read they dont know math at all they dont speak foreign languages the trend is toward ignorance here public schools work toward advancing students, not educating them we will depend upon them to finance our SS pensions? most pension plans are being invested now I believe many of them are largely gone victims of corporate balance sheet theft and derivative messes I believe the Bankruptcy of America has begun 20% of American households will declare bankrutcy by 2010 during this decade, Federal debts mount in massive form as we continue to pay for legislated socialist spending that will bankrupt the USA foreigners just will not finance much of it anymore war will be viewed as an expedient alternative to the extreme economic hardship to come from the dollar's decline Ravi Batra believes the dollar will collapse from debt I cannot find any flaw in his argument so far in reading his book honestly, when the debts stop, the dollar can recover after it goes thru whatever it must go thru we print money with seeming impunity the Laws of Economics dont give ONE SHIT about our political views, our arrogance, our perceived need to provide safety nets, or our belief systems regarding the need to untether money from gold why should the Great Liquidation of 2000-04 spare the US ??? have we accumulated debt responsibly? in federal govt? in state govts? in corporations? in households? do you see any trend change for reform of debt accumulation? I dont, not even a little in fact, I see it worsening the USA is seeing strong acceleration in debt, even as the economy is showing flat behavior it may be running over a cliff I am sorry, but I think NO to all the above questions I have made my mistakes, and I was liquidated twice I am learning a tremendous amount since my painful two years the USA has $6,000,000,000,000 in federal debt of that sum we have almost $3,000,000,000,000 owned by foreigners the debt is rising fast again, as the dollar is falling I think this country will see some of what Argentina has gone thru that means some bank failures heck, I saw a bank failure in Rhode Island in 1998 hundreds of depositors were screwed we will see some social chaos someday in future years Enron will NOT be the end of the liquidation pain Enron is the CANARY in the FINANCIAL COAL MINE it is the beginning, as we have come to learn so far not the end I see a substantial heavy reduction in USdollar value something like 20-25% but more importantly, I see a widely applied devaluation of almost all currencies versus the Mother of All Money -- GOLD the sooner we get back to GOLD as money, the sooner we end the upcoming extreme turmoil THE US DOLLAR HAS BECOME A SUBSITUTE FOR GOLD' BUT THE BACKING OF THE DOLLAR IS REALLY USTREASURY DEBT DEBT IS NOT MONEY DEBT CAN BE DENOMINATED, AND USED AS LEGAL TENDER this is the penultimate lesson to be learned but I dont expect it will be learned our leaders and our populace are COWARDS to finance so I expect a New World Order to emerge in the next 20 yrs I read the Bible and believe in Prophesies I am a Christian and a consistent sinner / Jim