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

To: AC Flyer who wrote (215)	12/19/2002 4:31:18 PM
From: Maurice Winn	Respond to of 258

ACF, in fairness to the idea that money printing must cause inflation, they probably mean in a closed system, such as used to exist [more or less]. As our great and estimable hero, Uncle Al KBE, has pointed out, he's looking after a currency for the world now. Not just the USA [though handily for Americans, they capture the profits of the US$ business just as they do for taxes on QUALCOMM]. So, we have a billion Chinese and a billion Indians all wanting to improve their lives [give or take a couple of USA equivalents]. Since conquest isn't the road to riches anymore, they need to exchange value. The value of land is almost irrelevant in the modern world [outside cities, which only have value if they are humming along nicely - check out Beirut for example] so conquest is pointless, even if it could be done. The DNA tribal basis for conquest has gone too. The 2 billion Asians are producing like crazy and Americans are buying like crazy. So Asians are getting richer relative to Americans. They buy cdma2000, WindowsXP, Dell computers, Boeings, oil refineries, holidays at Disneyland. With prices falling due to the vastly improving productivity and technology improvements, Uncle Al can print up a storm without causing inflation. He can do that until the world rebalances and since there are billions of people wanting to improve their lives, that'll take a while. They trust Uncle Al and the USA because they know they are tough and smart. Uncle Al is going to ensure that the US$ remains a very, very, tough, pre-eminent currency of constant value. The constant value should be measured against the cost of the median human's time, rather than a basket of goods and services. One hour of Mr Right-In-The-Middle of the Bell Curve should = US$1 and that should be the new gold standard. If the value of Mr Ritm goes to US$1.000001, then cut the number of dollars in circulation to maintain the value [or raise interest rates or increase bank reserves or something]. If it falls to US$0.99999999 then print a swarm more [which will be handy for King George II to spend on maintaining civilisation in the greater world]. That's my theory and Uncle Al seems to agree. Mqurice

To: AC Flyer who wrote (215)	2/26/2003 7:31:07 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 258

Uncle Al, the high priest: siliconinvestor.com <But another GOP panel member, Jim Bunning of Kentucky, has been sharply critical of Greenspan for some time and recently complained to him: "You are once again interjecting yourself into matters in which you have no business."> At least there are still some people trying to get Green$pan. Most seem to have given away the idea of blaming him for their woes. I suppose it's all part of the grieving process. steps of grieving, "the process": 1. Denial and Isolation 2. Anger 3. Bargaining 4. Depression 5. Acceptance How it really goes, and maybe the shape of the bear market curve downwards shows that the essayist is more correct than the 12 step planners. endlessthoughts.com Thinking of the bear market in terms of The Grieving Process, maybe we have got a way to go. We are mostly through the anger stage, but haven't even started recession, let alone depression [although collectively there are no doubt plenty of Prozac sales already]. Hmmmm. I suppose this means that Dow 16,000 is still some time away. Maybe 2 years or more? Mqurice