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

To: Cogito Ergo Sum who wrote (75338)	6/17/2011 10:35:42 AM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 219195

BS, that's BS. He didn't make a mistake [though I disagreed with his interest rate timings a bit - too slow to cut in Y2K and too slow to raise in 2003]. < he became a financial crack dealer... much like a politician whose principles go out the window once elected... either that or he just screwed up... > That's what the ignorant herd says, but they are wrong. For most of 100 years, it has been illegal to deal in heroin and cocaine is considered to be a terrible substance though Coca Cola started out with it [so they say]. But the regulations against opium and so on have not stopped crack heads getting cracked. All that has been achieved is that the price has gone up, murders are pandemic, over doses common, disease rife and sales have boomed. Similarly financial regulation won't stop financial crack heads getting cracked. It will just overlay a vast suffocratic burden and kleptocratic cost on money movement. Already, we have a mania building in gold and silver. Alan Greenspan was wrong that he was wrong about financial institutions' self protection being sufficient to ensure they would not be financially foolish. He was right - Lehman, Merrill Lynch, AIG and others went belly up and that's sufficient warning to other shareholders to mind their financial manners. They haven't learned their lesson though, so I have shorted J P Morgan and Wells Fargo - so far, so good. No doubt those betting against me assume that again they will get loads of loot if the going gets tough. That's not a sure bet. Mqurice