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

To: TobagoJack who wrote (21952)	8/2/2002 2:07:43 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Jay, tell her to send it to me. I get 1.6% for my ASB US$ deposit. I'm happy to pay her 1% and make do with only 0.6% as my fee. Or, she could cut out the middle man and go here to deposit it: CBA Hong Kong 14th Floor, Two Exchange Square 8 Connaught Place Central, Hong Kong Phone: (852) 2844 7500 Fax: (852) 2845 9194 E-mail: cbahk@cba.com.au They work in cahoots with asbbank.co.nz from where I got the CBA information. With the extra US$5,000 per year she could buy flowers and a Big Mac every day. Or, she could convert it to NZ$ and score big at about 5% interest by opening an OmniGold account at ASBBank [see the website for details - the account does NOT involve any actual gold]. She could get fat and happy at that interest rate. Then, when the US$ does your predicted continued slump, she could sell the NZ$ and buy back US$ for a US$100,000 profit. She could buy a LOT of Big Macs. Mqurice

To: TobagoJack who wrote (21952)	8/2/2002 5:26:50 AM
From: elmatador	Respond to of 74559

There are two economies: The economy where central banks live. The economy as O'Neil and AG live. This is the economy where capital reigns. Then there is the real economy where people live. They don't deal with capital. They deal with money. A Brazilian who had woken up yesterday when the Brazilian Real was at 3.47 has not been affected by it. Today he'll wake up and the dollar is at 3.15 Real had gained 9.84% in one day, and he still goes on in his daily routine. The capital economy is important only to people who lives off capital. People who live off money, do not profit from capital neither incur in loses related to capital. Count how much % of the world's economy is called informal or shadow economy. All that % of the world's economy is not tied to the formal capital economy. The rich man should envy the poor man, for the poor man doesn't have to worry about capital.