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To: shelby3 who wrote (1894)5/27/2008 12:21:26 AM
From: shelby3  Respond to of 5637
 
<USA bankers were too busy on a larger fraud selling mortgage derivatives to retirees>

I bit off topic, but I found this to be insightful.

telegraph.co.uk

"Retirement Funds hot money has been the source cause of all bubbles for last 25 years. These $Trillions are where all Hedge funds get their investors. Retirement Funds have already lost most of their value - they just have not been told yet. Shhhh - you might cause a panic. Retirement money is now driving commodities crazy. When the commodity bubble bursts, it will become apparent Retirement Funds are broke and Boomers will not get their dream retirements. At that point people will figure out that giving Hedge Funds money to watch for 30 years is not a good idea and will stop doing it.

The economy will crash hard. But the world will learn a hard lesson that retirement funds cause trouble and the theory is wrong.

Mortgages and Pensions are circular debt. We owe it to ourselves. But it is complicated and expensive with all the expensive middlemen sucking it dry for 30 years.

The future world economy without Retirement Funds and Hedge Funds will be more efficient, easier to understand, and more stable.

Will likely take 10 years to get there.
Posted by Jet on May 26, 2008 8:15 PM"



To: shelby3 who wrote (1894)5/27/2008 6:55:57 AM
From: jrhana  Read Replies (1) | Respond to of 5637
 
Not to worry. I only took your second link seriously. The last thing I would ever do is take your advice or opinions seriously.