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To: regli who wrote (54027)	7/30/2006 9:05:05 AM
From: shades	Read Replies (1) \| Respond to of 116555

In many investment banks, the traders have taken over from traditional bankers because buying and selling shares, bonds, derivatives and the like now generate the greater profits, and taking more and higher risks is now the rule among what was once a fairly conservative branch of finance. They often bet with house money. Regli over in the epic bond thread they are talking about how this is not RISKY because they are using CLIENTS money to take the loss while HOUSE money takes the win - they send client accounts into the losing investments and the house accounts into the winning ones. How long will people accept JPmorgan and friends are making mega bucks for themselves while losing the retirement savings of the customer as seems to be the case. But this time they expect to squeeze hedge funds out of the potential profits because they have more capital to play with. Yes the casino wins over time because they have a bigger sum of capital at the start eh? Anyways this guy is a war historian - the way I see it - whoever got the biggest guns wins - when lots of 3rd world nations got the big tanks and yf 22's and satellite missles and the big nukes then the american empire may fall - but while we still have the mega military - whatever happens to a green piece of paper is not the end of empire eh? Some people will use thier green paper to buy gold, some to buy silver bullets and guns, some to buy MRE's, some to buy war/military stocks. Where is RATO investing? Your beliefs don't matter Regli - the power to enforce your beliefs on others - that is what is key. Once that wanes, then egypt goes, rome goes, spain goes, britain goes etc etc - all about the war machine. Did Russia have access to the agriculture we have? My croation friend said no - that is why they fell and we thrive - awesome naturual resources in the USA and lots of food - he got very fat living in the USA - said there were no fat croations back home - hehe.

To: regli who wrote (54027)	7/30/2006 9:25:05 AM
From: Moominoid	Read Replies (1) \| Respond to of 116555

The comments about the IMF are interesting. The rest is nonsense. On climate change: The sensitivity of the climate to changes in carbon dioxide is increasingly being recognized to be higher than was previously believed. However, I believe that agriculture will largely adapt. Natural vegetation and fauna will not. The biggest threat is from sea level rise (see New Orleans). Unfortunately it takes several decades for even half the final impact on temperature of a given change in carbon dioxide to become apparent. What we are seeing now is primarily the effect of the increase in carbon dioxide in past decades, combined with a contemporaneous reduction in volcanic and human origin sulfur in the atmosphere that blocks sunlight. OTOH In the last few years temperatures on the west coasts of Europe and North America have been exceptionally high in summer. But a few thousand miles east they have not been. The US East Coast and the Middle East have been near long term averages or even belwo average. So the average has been up but not as dramatically as those on the West Coasts would think from their experience.