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

To: sea_urchin who wrote (20781)	4/26/2004 11:23:23 AM
From: sea_urchin	Read Replies (1) \| Respond to of 80915

> But there's more. As you know, everyone's 401Ks are plugged into buying shares at these high (on the basis of real returns) levels and so the prices of the shares continue to rise, as if by magic. Of course, when the market rises that's an indicator of confidence in the "economy" when, in fact, it has nothing to do with the economy. Like the tax which was taken from the workers and put into Social Security, the money which Joe spends on so-called investments and which props up the stock market, and gives credence to the illusion of "recovery", can simply evaporate when the time is right --- and blow Joe's savings away. PS. I have to post in two installments because, for some reason, the size of my posts has been limited.

To: sea_urchin who wrote (20781)	4/26/2004 9:06:09 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 80915

Searle, You are absolutely correct about the 401(k) swindle. What makes the playing field even more ominous for the worker bee is that 401(k)s and IRA cannot, by law, go short stock. Thus, another completely unfair and one-sided advantage has been handed to the criminals who run Wall Street. It's a sweet swindle they've arranged for themselves. Speaking of sweet swindles, I'll talk about the Goofy Google Grandstanding going on now in the breathless American media in my next post.