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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (2214)	3/16/2004 3:38:24 PM
From: russwinter	Read Replies (1) \| Respond to of 116555

According to this view, the game plan is: 1. Send out as many false distorted "market" signals (such as parabolic moves in treasuries and commodities at the same time) as possible so that the majority of people haven't a clue what's really happening. Make misleading statements on the input goods inflation by failing to report standard data (two months of PPI) that the market needs, and then say, "but gold is restrained", knowing full well, that you hold enough product to effectively corner that product, and the treasury "market" as well. 2. To inflate, or even hyper-inflate the value of the debt load away, so that it gets paid back with nothing, thin air. 3. Coax the Asians into being the bag holders of this Ponzi scheme, so they can "have access to our markets", and receive worthless paper in return. Act, at a very late stage to be disapproving of this, so as to maintain the facade of reasonable central banking. 4. Lead the world to the brink and over cliff in terms of the resource and raw materials usage needed to allow American consumers not only to party until they have lamp shades on their heads, but are back in the bathroom ripping the toilets of the wall. 5. When it's all over say, Wha happened? Blame it on Arabs, Hugo Chavez, Chinese, and Al Quada. Might as well arrest me too (people with bad attitudes) while they're at it.

To: mishedlo who wrote (2214)	3/16/2004 8:42:54 PM
From: BCherry168	Read Replies (1) \| Respond to of 116555

In response to John Succo's article that , in part, states as follows: "...The bank knew very well that the cash flow to service debt was highly dependent on the price of oil. So the bank insured the loans through liens on oil companies’ land and equipment. This made them feel safe, so they just kept on lending......" This is so right. I had a senior VP of lending at Interfirst tell some clients of mine in 1982 that they wanted them to increase their borrowing and do more drilling, and when asked what values they were putting on the reserves to justify that, they told us that their engineers predicted $75 per barrel by 1985. Fortunately, my clients declined, and sold out in 1985, thereby missing the crash in early 1986. My thought is that when banks are pushing loans, its time to call in the dogs, piss on the fire, and go home. They are pushing them now, with fewer takers, it appears to me.