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To: Jim Fleming who wrote (27242)	1/10/2003 12:58:58 AM
From: TobagoJack	Respond to of 74559

Hi Jim, <<Re N. Korea>> I will stay with this post for now ... Message 18399762 ... because <<talks>> is all N. Korea wanted, by showing what it can and is willing to do. The US did not want to talk, and now, reality bites. What the N.Koreans want to talk about is anyone's guess, and so my above linked post remains my guideline. We may still lose <<control of the situation>>. In my book, the comparatives of N.Korea and Iraq teaches the world a lesson, as in, if you want the US to talk, get nuclear. This is not a satisfactory state of affairs for financial stability and global growth. On Iraq, <<Support for a war was always soft and is fading rapidly here and in Great Britain>> ... I realize this point by at least speaking with my UK friends living in HK. However, UK is spending mucho pounds to ship equipment and soldiers around, and the payback has to come from somewhere, anywhere, and so, in my book, Britain is already committed to go to war, to secure the oilfields, and to then send in British Petroleum (I had shorted BP puts, and will continue to, because I am betting on the fact that the crowds expect victory. <<no go ... joint chiefs are agreeing with me>> I agree with you, and with the joint chiefs. But, guess what, the chiefs do not make the final decision. I still bet war will happen Message 17845301 August 6th, 2002 WAR WITH IRAQ BET <<You have converted me to a guy that says "How do I make or keep money if I am correct".>> No, I do not say that, though I may do it:0) What I say is ... Message 14868918 November 22nd, 2000 ... I tend not to put myself into situations where I must be right. I do not terribly mind situations where I can afford to be wrong. The nature of the game, and that is all it is, is to be more right than wrong, still standing at the end of any melee. Carnage and melee ... I often make comparison between the market to a game of Unreal Tournament. The screaming has started, but not all players have been gibed yet. ... and so ... <<My bet is still on Qcom over gold>> ... may not be wise, depending on allocation. I had breakfast with pal who has responsibility over HKD 4 billion (7.8 HKD:USD), and he commented that my 10+%allocation to gold may be too high. Maybe yes, and perhaps not. In the next paragraph he told me that the HK govt is considering putting a tax on bank deposit balance, as they are considering a series of budget balancing moves, for example ... Message 18421099 I have several thoughts:0) (a) putting a tax on deposit balance when those balances are earning zero interest is daring (b) to be successful, they would have to monitor and control capital flow, and in so doing will destroy HK and its tax base (c) I like to see them try, because ... Message 18420139 ... as usual, I am prepared, at a moments notice, at the click of the mouse. Chugs, Jay