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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (6104)	5/6/2006 3:53:13 AM
From: TobagoJack	Read Replies (2) \| Respond to of 219580

Hello EP, govexec.com "Off the books, the total value of all federal responsibilities -- including future payments on social insurance programs like Social Security, Medicare and federal employee benefits -- totals $49.4 trillion over 75 years" ... via google.com As to <<But at some price I will start selling, and depending on events, continue selling, ... will be buying things that are priced at 20-30 % of their real long term value ... US Treasury Bills ... yield 14%.>> ... stop talking dirty :0) Regarding <<Don't let your wife see Kill Bill>> ... too late, I & II done. Chugs, J

To: energyplay who wrote (6104)	5/6/2006 6:00:33 AM
From: TobagoJack	Read Replies (1) \| Respond to of 219580

EP, this is simply too funny www0.gsb.columbia.edu . It must have been posted elsewhere, but we need it here as well. The "CBS" referred to in the song is Columbia Business School. Chugs, J

To: energyplay who wrote (6104)	5/6/2006 6:25:05 AM
From: TobagoJack	Respond to of 219580

deleted

To: energyplay who wrote (6104)	5/6/2006 11:01:35 AM
From: RJA_	Read Replies (1) \| Respond to of 219580

Eplay -- several comments: 1. Re Soc Security: >>Oh, by the way, the Supreme Court ruled long ago that Social Security was not a debt of the Federal Government...but merely a nice thing to do. As far as i can tell, what you are posting above is incorrect. There is a good article here re Soc Sec: en.wikipedia.org They mention several supreme ct. cases which upheld the constitutionality of soc security. Re the bonds where the surplus is invested: "As a result of these changes, the Social Security system began to generate a large surplus of funds, intended to cover the added retirement costs of the "boomers." Congress invested these surpluses into special series, non-marketable U.S. Government bonds which are held by the Social Security trust fund. Under the law, the Government bonds held by Social Security are backed by the full faith and credit of the U.S. government ." [snip] "Since neither the interest paid on the Treasury bonds held in the HI [Hospital Insurance] and OASDI Trust Funds, nor their redemption, provides any net new income to the Treasury, the full amount of the required Treasury payments to these trust funds must be financed by some combination of increased taxation, increased Federal borrowing and debt, or a reduction in other government expenditures. (Status of Social Security and Medicare Programs: A summary of the 2005 annual reports)" [snip] "However, since the Social Security only has legal authority to pay benefits out of its current FICA contributions or accumulated trust fund, the existence of the trust fund would provide legal authority for the federal government to continue to pay benefits when current benefits exceed current FICA taxes -- until of course the trust fund completely depletes. The issue of funding or financing -- because OSADHI (including Medicare) is so massive -- cannot be segregated from the rest of the federal budget because its sheer size means that we either have no other government spending, have massive tax hikes or benefit cuts." 2. Re gold: >>"Gold is the only commodity that is also a major world religion" Agreed. Probably due to human nature, which IMHO has not yet been repealed. >>And yes, I will still be buying gold, copper, silver, etc. >>But at some price I will start selling, and depending on events, continue selling, until I have everything except some safety stock. Yes, but at what price? And how will you know when? I personally at present think this is at least 1 or more likely 2 years out. And how will you know when it has arrived? What will be your sign posts? I think about this a good bit.. because when we get close to this, the pressure will be on big time. Best I have come up with so far is when Dow and gold approach 1:1 ratio... a rough benchmark at best. >>An I will be buying things that are priced at 20-30 % of their real long term value - and that could be tech or biotech, or something else, or even US Treasury Bills if we get the son of Paul Volcker and they yield 14%. I am thinking Canadian energy income trusts (if they pay more than the t-bonds of the time) or COS_UN.TO (altho its dividend is appallingly low), if son of Paul Volcker has expired of frustration with Bush Adm and associated religious right wing nuts. Believing in the virgin birth (or "free trade" with China) does not seem to resurrect your currency. 3. Re the fairer sex and kill bill, etc.: Men seem to have some in born scruples about killing or harming women. I think it is genetic, and is all about propagation of the species (as women are inherently more important to the young (and propagation of young) and their immediate survival). Women on the other hand do not seem to have that scruple with regard to each other... and perhaps to men also. So the fight is not fair, and there are no rules <grin!>. But what the hell, have the cheese cake, chocolate milk, and ice cream anyway... Second childhood? In my case, probably so.. Best wishes! RJA

To: energyplay who wrote (6104)	5/6/2006 12:39:31 PM
From: Jim Fleming	Respond to of 219580

eplay re Social Security <Oh, by the way, the Supreme Court ruled long ago that Social Security was not a debt of the Federal Govenment> It is if they borrow the money paid in by issuing Treasury bonds against it. Jim