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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Secret_Agent_Man who wrote (8126)	2/14/2004 12:28:56 PM
From: Haim R. Branisteanu	Respond to of 110194

the problem with derivatives that they are very useful in a relative stable financial market and for some reason there those that believe that there will be cooperation between the trading block and major wars are things of the past. Based on those assumption he may be right but what if one of the trading block says F(*&k you ?/... there lies the huge danger

To: Secret_Agent_Man who wrote (8126)	2/14/2004 1:44:43 PM
From: eddieww	Read Replies (1) \| Respond to of 110194

>OT< a little. "...who was it in Hitler's camp, that said thank goodness for the masses 'cause they do not think?" Actually, it was Hitler himself in "Mein Kampf", at least 50 times, LOL. In addition to the misguided polemics on race, which are what are most cited, you will find a brilliant dissection of the limitations and shortcomings of representative democracy. Of course, he was writing for Germans about the unstable Weimar system that had as many as 50 political parties vying for votes and trying to build governing coalitions, but much of the criticism is directly applicable to our 2-party system. Ours is "the worst possible system of government...except for all the others." LOL! (momentarily unattributable quote, senior moment here -g-) As an aside, Hitler had the benefit of, IMO, the most effective central banker in history, in the person of Dr. Hjalmar Horace Greeley Schacht. While I agree with most here that our current economic trajectory will probably end in tragedy, I would like to point out that the Greenspan FED has been instrumental in engineering a system whereby the rest of the world makes stuff, and then lends us the money at negative effective interest rates (given dollar devaluation) and a good likelihood of default, to buy and use it. "God bless our standard of living, Let's keep it that way" ~Paul Simon, song Have a Good Time