Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (15905)	6/18/1998 7:33:00 AM
From: robnhood	Read Replies (1) \| Respond to of 18056

Beat you to it this time <<ggg>> Fleckenstein.... stocksite.com

To: John Hunt who wrote (15905)	6/19/1998 6:06:00 AM
From: John Hunt	Respond to of 18056

How Washington's Yen Bailout Helped The Chinese nypostonline.com << Was it a favor for China? Everyone in America knows that the Clinton administration has a special place in its heart for the Chinese. The government of China has, after all, paid a lot for Washington's attention. So was Washington really doing a favor for Japan earlier this week when it took a lead role in a massive intervention to prop up the yen? Or, was Beijing really the target of Washington's largesse? >>

To: John Hunt who wrote (15905)	6/20/1998 12:38:00 PM
From: Zeev Hed	Respond to of 18056

John, who do you think was buying back the dollar at 135 yen/dollar Friday, I would not be surprised to find out that the Fed's already covered their bets with a tidy profit of about $150 MM. If that is the case, the tax payers actually made like a thief. The funny thing is that if you and I colluded to influence the free markets in the same manner, we would end up in jail, but not the FED and BOJ. Zeev

To: John Hunt who wrote (15905)	6/20/1998 4:26:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 18056

John; That article from the Post is pure hogwash , The Post is in the pocket of the BIG money, and their propaganda machine. I'll point out just one small error , the S&L debacle , and how we fixed it so nicely to look like it didn't cost the Tax payers much with double talk and book entries. All they are talking about is the deposits that were bailed out. BUT The mergers came about only after the GOV agreed to write off, PAY off all the Gov insured home loans, that was not included in their tally of cost to TAX payers. About a Trillion Dollars. This was paid by a huge float in the National Dept to foreign countries of which Japan bought a big chunk. A conservative estimate made by independent sources is that the real cost will be over 3.5 Trillion ! I say conservative because of the effect of compound interest, and the fact is we will never likely pay off one cent of the principle of that National Dept float that was the result of the S&L rip off. Your grand kids if you have any will still be paying on it. ------------------------- So some banks in Japan seem to be in a bind, you don't really see them worrying about it do you. To top that off they have very little in the way of National Dept, and could likely pay it off tomorrow if they chose to. Did they send people over here looking for help, hell no we are running to them and doing a spin on who has the problem. ---------------------------- We lost half our independence via artifice within 20 years of winning the war of Independence. We became a full fledged Colonial Nation in the Mid 80s. We have nothing but a plutocracy style government now, which caters to certain "school chums" who pull all the strings the new world order fraternity owns us, and if we don't behave like we are told to they can drop the shoe any time they want. And put us in the same bed with the Koreans. ---------------------------------- The Privately run Federal Reserve is nothing more that the finger of the biggest from of Racketeers that ever lived. Worry about bad loans the Japan banks have, ha Japan could likely buy and sell us. About 40% of your taxes go to pay the interest on the National debt. They talk about a surplus and every one thinks we done good, what hogwash. That's just a surplus below the hot air budget that was last passed that only ran our debt up another 500 Billion.. Surplus just means we didn't have to sell off as much of our Country and your grand kids future as we thought we would. Jim What Ruben did was criminal in nature , but for some reason we don't got any laws against it.