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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (78)6/6/2002 3:35:28 PM
From: Jim Willie CB  Respond to of 89467
 
a footnote compared to Fed/JPM Gold Scandal

Enron eroded confidence in US financial institutions

Gold Scandal will erode confidence in ALL THING FIAT CURRENCY BASED WORLDWIDE, my friend

neither is small
didnt mean to trivialize Enron
instead, to emphasize the extreme magnitude of Gold Scandal
your children will read about Gold Scandal
and Enron will be at the end of the article

my greatest fear is that the Gold/Currency Crisis will open the door to The New World Order
/ jim



To: stockman_scott who wrote (78)6/6/2002 4:01:12 PM
From: Jim Willie CB  Respond to of 89467
 
my quick analysis -- TYCO is heading to bankruptcy
or else (and possibly if they act fast) a corporate splitup

it is now 14.90 per share, a five-year low
below its Oct-Dec 1997 level of 20
it is a conglomerate of good stuff, but loaded with debt
they will probably parcel it off
load down a couple pieces with huge sandbag debt
then IPO the collection of pieces
talk up the sandbagged items to ensure their sale
some of the pieces will be golden for sure
they will be largely gobbled up by insider players

the trick will be to determine which pieces are sandbagged
here the collection is much less than the sum of key parts

just thoughts from a rainy sogged jackass
Volt has a real winner here, but he is consistent
/ jim