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Pastimes : I AM A MINDLESS ZOMBIE -- Ignore unavailable to you. Want to Upgrade?

To: David W. Taylor who wrote (157)	9/20/2002 6:12:55 PM
From: 10K a day	Read Replies (1) \| Respond to of 258

do MZ's perseverate??

To: David W. Taylor who wrote (157)	9/25/2002 7:22:30 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 258

David, meanwhile, today Uncle Al gets a knighthood [despite some stuff in the constitution about alien honours being unAmerican] and Fleckenstein doesn't. We'll just have to disagree on Mr Fleckenstein. I read his stuff and somehow or other, despite my careful explanations, you were not persuaded about my points of critique of his rants. Reality always wins and so far, Uncle Al has done successfully just what I thought he would do and the outcome has been what I guessed, way back in 1998. My fear back then was that when the inevitable crunching of over-margined speculative investors in puff balls came a gutser, there would be a general deflationary implosion. Even though the crunch was so much more than I thought it would be, [in the Nasdaq Biotelecosmictechdot.com companies anyway, though not the Dow and the boring old agricultural world of life in 3D], we have sailed through unscathed [in a macro sense I hasten to add, not that there has not been vast capital destruction and huge financial loss for hordes of individuals]. Amazingly, there has not been even a small deflationary crunch and inflation hasn't got going either. The global dollar demand and productive capacity has acted to absorb the huge printings of more money. It is the world's greatest financial stroke of luck, to go along with the world's greatest financial mayhem. Sure, it was management to a large extent, but there is always the lucky component to be grateful for too and I'm sure our great and prescient idol, Sir Uncle Al, had his fingers crossed at times. The US$ remains pre-eminent. Uncle Al's job is to maintain the US$ brand and return as large a profit to the shareholders as possible. He has done a great job of that. Maintaining the brand value of the US$ means maintaining it as a world-scale stable means of exchange and store of value. There is no doubt whatsoever that he has protected those Twin Towers in the face of global financial mayhem and assaults on confidence in various currencies, including the US$. Of course he doesn't do that in isolation. The political, judicial, military and business activities of the USA must be such as to maintain the confidence of we aliens that we can safely send our hard-earned money to USA companies to invest in great new stuff. Even though we aliens have taken a $trillion battering by Enron, Global Crossing, Globalstar, Worldcom and untold other financial disasters of a criminal, incompetent or unlucky nature, Uncle Al has managed to keep the financial system stable. The USA is still doing okay. It really is remarkable and shows the strength of what has been built in the USA. Of course that can all go poof one day if Americans choose to introduce trade barriers, destroy confidence in the dollar, go nuts militarily or otherwise behave in an uncivilized way. So far, that doesn't seem likely, despite the most spectacular provocation in the heart of the financial system. Cantor Fitzgerald showed the strength of the USA. It takes more than a Y2K glitch, a cesspool of corporate malfeasance, infectious greed, irrational exuberance, the Twin Tower destruction and some military expenses in retaliation to wreck the USA. [Y2K glitch might be an understatement for the biggest crunch ever]. It really has been an amazing decade. If I had known what would happen, I'd have considered that Uncle Al's financial ministrations wouldn't cope and I'd have been running for the hills. China's stability and economic development has played no small part in avoiding implosion. The USA should be very circumspect about stomping around too clumsily. I think Uncle Al is aware that the USA political attitudes to China could be problematic. I am hopeful that the USA will not behave as stupidly to Hu Jintao as they did to Gorby back in 1985. There are indications that the USA has got the wrong attitude to China. Bombing the Chinese embassy wasn't the smartest move for example [yes, I know the claim that it was a mistake - I doubt that]. The USA might yet snatch defeat from the jaws of victory. Mindless Zombies are notable for doing really stupid things such as destroying what is functioning very well. There are plenty of Mindless Zombies, so the possibility can't be discounted. Mqurice