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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (15796)	10/7/2002 4:35:58 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81010

Al >I don't know if you realize that the US has been in this dire strait before repeatedly No, I didn't. Looks like it's the way of life over there! What I am criticizing, if you allow me the liberty, and even the presumption, to do so, is the people who have built your nation are not those who are involved in the dissipation of its wealth. As I see it, what the present government is wasting on its fantasies, you, your children and your grandchildren will have to pay for by the dint of your and their sweat and sacrifice.

To: Alan Whirlwind who wrote (15796)	10/7/2002 10:00:51 PM
From: d:oug	Respond to of 81010

"...people in the US are lamenting their spoiled portfolios, but really, how many could have possibly gotten out at the top if they had wanted to..." . Alan, . About 2-3 years ago when the Dow was over 12,000 i was helping a recent retired highschool lady teacher buy a new car, and yes eventhought i tried to have her buy this or that, she already made up her mind prior to my 20 hours of helping her look and drive almost every car available, she buyed an Honda Accord. . This lady was at the top of smarts, and had many degrees from colleges and universities, with her first from an Ivy league type all womans college in Massachewssettes. . Her retirement money was 90% in mutual funds, and she told me all the shares were of very conservative companies like the GEs and IBM types. No Nasdaq "fillers" i think ever happen, but i told her my GATA connection via the markets are corrupted and soon the sky will fall. She replied to me that Louis Rukeyser of Wall Street Week on PBS is telling her "alls ok" so she ignored my advice and let her investment remain un cashed in per my advice. . Well, her reply to me now is that Louis Rukeyser, on CNBC now, tells her not to worry as the "long term" outlook is good. . So she waits and now ignores me as a kook :o) . Yes, reality sucks, especially when it bites her in her @ss. . O yes, i suggested back those 2-3 years to go 1/2 cash and 1/2 physical gold. . Just one comment on those who lost lots on Enron etc in that they may say that "I lost $50,000..." Well, they seem to forget that their $5,000 initial investment that went to $50,000 in the Bubble of Corruption (BoC) and is now worth $0 really lost $5,000 not the $50,000 that as you pointed out, they could have cashed in for. But, someone who sold them the Enron shares for $50,000 did really make that money, so as Hutch says, its a zero sum game, just a transfer of wealth. doug