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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (78)	1/10/2003 6:25:02 PM
From: philv	Respond to of 1210

Jim: Been thinking about what is likely. The only hope for the mainstream boys IS to "grow" out of this situation. That would be painless and profitable. Nice and clean. The alternative, if that doesn't work is to keep up with the monetary inflation, and the consequential drop in the $US and subsequent inflation. But the hope is for the former, and judging by today's market activity, hope springs eternal. It is possible I think for the market to go up while the dollar goes down, for a time at least until large withdrawls from the US equity markets occur. For now, there is a vast amount of liquidity, dollars looking for a home, dollars not content to rest at bank interest rates, still bullish and optimistic, keeping the markets supplied. It astounds me how much actual money exists! The numbers today are utterly staggering. Budgets for a major company exceeds what was not long ago a small State budget. The past few years of inflation is truly awesome. The worst part is, much of the expansion hasn't been paid for. Debt has also exploded. A correction will be very painful for all. One last thought, the USSR was beaten economically. That is what caused its military and the Union to collapse. The US and the West simply outspent them in all catagories including militarily. They couldn't keep up or even afford what they had, and collapsed from within. A modern day lesson. I too expect much volatility as "they" bring out their W.M.D.s (Weapons of Mass Delusion} trying to prop things up. What I would like to know is; who is buying the Gold? Phil

To: Jim Willie CB who wrote (78)	1/10/2003 7:53:41 PM
From: pogbull	Read Replies (1) \| Respond to of 1210

The unemployment rate is simply NOT accurate. People continue to lose their jobs but the unemployment rate stays at 6 percent??? They (Bureau of Labor Statistics)are dropping people off of the back end nearly as fast as they are getting laid off. By doing this the don't count those that have "left the work force" or those who have taken much lower paying jobs. They want us to believe these people just left the work force?? Where did they go?? How are they making a living now?? Lets keep an eye on the crime rate too, as some of the people going off of the back end will resort to desperate measures. The bottom line though is the 6 percent number they put out for public consumption is pure crappola. Jim, a quote from another post of yours: <<sticking my tongue down this girl's throat last week,>> I've tried this and know that it is not possible. With this in mind, I was going to confront you on the probable falsehood of your statement, when I realized she must have had her teeth out. Your record of complete truthfulness remains intact. <gg>