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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (56602)	11/28/2004 7:23:38 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Fred, Re: OPEC only wanted to maintain it at $30 and is undoubtedly a nice surprise to be enjoying today's price levels. You need to look at the price in a different fashion. While in terms of the US$ crude oil has moved from $30 to $50 in a couple years, in terms of the Euro, the price of oil has hardly budged. Viewed this way, it can be stated that oil hasn't gone up in price, contrariwise, it the dollar that has lost its luster. *** Interesting tidbit on Venezuela possibly joining in with a new global economic alliance: vheadline.com

To: BubbaFred who wrote (56602)	11/29/2004 10:31:04 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 74559

"Karl Marx & Greenspan over Coffee" by Jim Willie CB 321gold.com my first foray into the world of satire, a fun time but not the last, since too much fun this article has been rattling around in my head for a year finally over the holidays it took shape actually did a little research in preparation got easily a dozen or two dozens zingers laced into it and had some fun in the process gave credit to Groucho for some of his great personal wisdom his last offering is something I try to live by a key Karl Marx comment: KM: yes sure... Let us avoid private property, too complex, hard to put limit on minimum ownership. On industrial equipment, few decades ago business had or did not have. My principles taught labor as primary producer of value. Technology much improved, research and innovation of Soviet Union and West. Must revise capital theory to recognize capital intensive businesses. Some require much equipment and low skills by workers. Others need little equipment and much worker skill. Real difference exists. Product development complex, sometimes intricate. But but but MUST comment on money itself. Mistake not to emphasize money and management of monetary system. System makes too much stress on workers. Greenspan, you go opposite direction and emphasize money too much. Speech on wealth creation from inflating assets is embarrassment to entire thinking world. Is all of America big gamble center? Some call USA grand massive hedge fund economy, very funny, but tragic and true. Your principal theme of value without labor, utter absurd. Historical writers call me "anti-economist" but Greenspan, you re-invent economics. Crazy. You invent like fairy tale in mythology. enjoy / jim