Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TobagoJack who wrote (26027)	12/11/2002 11:15:00 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Picture those billions locked up on mortgages in UK and the US. Imagine all this capital hogged by the US made free to seek the countries that have economic activity but no capital. (Developed economies have capital but no economic activity, one of the reason they spend USD1Bi a day -in both sides of the Atlantic subsiding agriculture.) People are going to ask: But there is economic activity in the developed economies! Well, there is but not to the extend that it needs all this capital 'parked' there. Most of it is pseudo-economic activities. Developed economies have recently create pseudo-economic activity as Enron and WCOM showed by trading among themselves. Subsidizing every single cow feet at the tune of USD1.000 per foot in Switzerland is another example of pseudo-economy. Paying farmers not to plant is pseudo-economic activity. Buying new missiles -to replace the ones shot at Afghanistan mountains is pseudo-economic activity too. Dollar down and capital flight outof the US will be very good for world's economy and may create a super-boom. Devaluation of the USD is an Abracadabra. Just look at FDI in China has done.

To: TobagoJack who wrote (26027)	12/12/2002 12:59:28 AM
From: energyplay	Read Replies (2) \| Respond to of 74559

Bernanke comments - I don't think the printing press remarks are to reassure debtors that they will be bailed out, than to reassure the creditors that their debtors will be able to pay them. It's much better to get 90% of your purchasing power in infalted dollars than to get 50% or less after a bankruptcy sale...especially with a 12% interest rate over a number of years, a small infaltion hit is a minor problem. On Pears - Are the TianJin pears availible in California ? I have a relative who loves pears....

To: TobagoJack who wrote (26027)	12/12/2002 1:13:58 PM
From: smolejv@gmx.net	Respond to of 74559

>>The U.S. government has a technology, called a printing press -- or, today, its electronic equivalent -- that allows it to produce as many U.S. dollars as it wishes at essentially no cost.<< it's the so-called fiat money. Like in Fiat lux: let there be light, or Fiat voluntas tua: thy will be done Fiat money: let there be money It just happens, like it's happening all the time in Lourdes, or Medjugorje. You just have to believe. Otherwise it can turn into fuit money (used-to-be money). RegZ dj