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

To: Jamey who wrote (18400)	5/25/2003 11:41:36 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81967

James > The game can only go for so long You may be right and you may be wrong. IMO, the game has been set-up for domination of the world by the US and, in particular, the paper aristocracy (bankers) and I don't think they are going to give up so easily. > Banks and S&Ls have crashed before and will again. Sure, but today their debts are insured by the state. (which means even more debt and printing) > Debt has to be flushed out of the system That's completely impossible (as I keep saying). The debt is the money and you can't take it out. Interest is another story but they can make interest rates 0%, like in Japan. > Sadly, analysts are still pushing these high PE companies for profit, CEOs will still get 400 times the average workers pay and millions of free stock options even though they do squat to save their company and the stockholders Yes, theft, corruption, extortion and corporate rape are the order of the day. And, as you say about the CEOs, there's squat we can do about it. > When investors lose complete confidence in the market where do they go? They go to real value in precious metals. If you feel that way, then do it. I maintain that when people have no money and can't buy food they certainly can't buy precious metals (which, incidentally, don't pay any dividend or interest). > They go to real value in precious metals. That was in the old days when the banks used gold as a backing for the fiat. Today, the main use for gold is jewelry and, in fact, the banks sell whatever gold they have, whenever they can. > That is the only thing besides oil and material holdings that will have any value in the not so distant future. Maybe, maybe not. Some people say the reason for the US takeover of Iraq is they are going to pump oil big time and drop its price. I agree with you at this time about property, all over the world, but the bubble can pop there too (especially if they put up interest rates). > The government will keep the debt from crashing down on our heads but only for so long. That's a joke. The way they keep the debt from crashing "on our heads" is to create more debt! > They cannot falsify reports and figures forever Were you born yesterday?! We are dealing with rogues (politicians) that make the Mafia look like Sunday school teachers. > Too many honest gatekeepers Name one. > I figure that we will see high P/Es for at least another ten years or more I agree with "or more". Today, a stock market investment is simply a piece of paper with a market value --- just like the money. Earnings are fictional. > In the meantime, is the poor consumer going to continue to keep the economy afloat? Or die in the process. If the US consumer doesn't keep "buying till he drops", who else is going to keep the game going? Of course, he also has to keep waving the little flag, just in case someone thinks he's not being patriotic.