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

To: tonka552000 who wrote (3157)	7/24/2002 7:15:58 PM
From: SOROS	Read Replies (1) \| Respond to of 89467

I'm way too old for this. I have bought the theory that the debt and the fraud and the money printing and the accounting and the derivatives and the gold suppression and the potential terrorists problems will combine in varying degrees to basically wipe out most in the general markets at some point in the not-to-distant future. At which point, gold/silver will finally be seen as it was for thousands of years and not just through the eyes of the corrupt Fed and banking industry, and PEOPLE will move a percentage of their funds which will catapult gold/silver tremendously. I think I might place GTC orders at various points for my biggest holdings -- Goldcorp, Seabridge, Hecla, Tan Range, Harmony -- until I run out of funds, and then go away and stop looking for the rest of the year. Wishful thinking, but this wild activity can sure age you. Why anyone is willing to listen to these crooks (analysts) who made millions in salaries, corporate payouts, and other fraudulent activity by telling people to buy Enron, Global Crossing, Kmart, WCOM, Priceline, Dr. Koop, and dozens of other scams just because Congress promises to "get tough" is beyond me. Give them 100% the benefit of the doubt. Say they do make them uphold accounting standards. No one addresses how OVERVALUED that makes these companies which went up 5-10% today alone on this party ramp. We KNOW the earnings were beefed up tremendously -- look at ENRON and WCOM as examples. These are NOT the exceptions. Wallstreet is telling you they are, but they are liars! So if they uphold the options and new accounting standards and then report earnings ANYWHERE NEAR the current levels, they are LIARS again. I say the companies reporting right now are complete liars. All the talk today was "everything looks great." But they are STILL reporting fraudulent numbers even today because it it allowed still under the laws. Only two things are possible. On August 14th, they have to announce drastically-reduced earnings and admit that those companies reporting in July and early August were STILL telling lies, or they report basically the same numbers and then you KNOW they are STILL telling lies. There is no other truth. The proof of many companies is already there. Anyone who believes the lie about only a few companies being crooked with the examples we already have knows NOTHING about human nature. People should take their money and put the wallstreet fraud machine out of business. They will continue to take all the money people are willing to give them and laugh all the way to C and JPM! How stupid are people? All of these corporations that are now broke or almost broke were paying the brokerage houses and hence, the analysts, to keep saying "BUY." The insiders continuously cashed in the "valuable" stock (paper crap) for cash and bought stuff for themselves while the "investors" were left holding the bag of worthless garbage. There were lots of times an analyst did not have a high rating on a stock but the corporation wanted to do a new offering which would bring millions of dollars to the brokerage firm. The analyst would up the rating, the brokerage firm would get the business, the typical investor would pay for crap, the insiders would sell the crap and get richer. This has been going on for years! Now, in one day, people are willing to forgive that and BELIEVE it is going to be different? Total manipulation! Have you seen the new brokerage commercials out already? Total spin crap addressing the "concerns" of the typical investor -- designed quickly to once again steal from the people. Why are people so stupid? These same frauds promised the market would go up in early 2000. Then they promised a quick snapback in mid 2000. Then revisions of higher growth in 2nd-half 2000. Then renewed optimism for 2001 -- each quarter was a new well-developed lie to scam more money. Then early 2002 was the bottom. Now the promises are for 2nd half 2002. Car companies are once again offering 0%. All of these companies have huge debt issues and they burn through cash quickly. The only way to stay afloat is to keep scamming the people by selling more stock. If these companies were relatives, NO ONE would give them SQUAT when they came begging for more money for the gazillionth time. You'd throw the bums out of your house, but wallstreet has such a slick machine, they think they can con the people yet another time. Look at the entire picture -- the TV, the ads, the "experts" being interviewed, the government "statements", the "promises", the new "laws." It is a coordinated campaign with ONE purpose -- to keep Americans sending every dollar the have to the mutual fund companies and the brokers. Fool me once, shame on me. Fool me dozens of times over a ten year period, I'm a retarded fool who deserves to flip hamburgers at McDonalds when I'm 72 and take a bus to work. I remain, SOROS p.s. this was a rant by an irritated old man who boils when 30-something, wet-behind-the-ears "experts" get their way for a day by telling lies and laughing about it behind closed doors