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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Gersh Avery who wrote (21067)	6/28/1998 7:21:00 PM
From: James F. Hopkins	Respond to of 94695

Gersh; The balance of trade is a very odd thing, and depends on whose numbers you look at. We got one set for China, and they have another set. The difference between our numbers and theirs is too big, and the truth is likely some where in the middle. The big thing that comes out of China now days is shoes, and guess who makes the most money off the shoes. Hint It's not the Chinese. If I sell you $10 worth of something and make $5 off of it, and you sell me $20 worth of something but only make $1 off of it who comes out ahead. You got $1 to spend but I got $5 , on top of that the $20 worth of stuff you sold me I get $40 for. The $10 worth you bought you can't sell, you have to use $9 worth of it to make me another batch that you can make $1 off of it. The trade deficit numbers are just a political foot ball, it is a find the pea under the shell thing, and on top of that we have to do this blind folded . <G> --------------------- Behind it all don't forget the dollar is based on derivatives, and not them base on the dollar. Figure that one out, and you will get a picture that says we will be OK as long as these wall street sharks, and the central banker barracudas can come up with new derivatives to sell to some sucker, namely the Federal Reserve, who lets them use these things as collateral for more dollars. And that makes for a wrap around to were you and I and every other American is actually pledging our future labor and taxes on these derivatives. So you might not want to buy them , but they don't need your permission to sell them to you, they have a tax free franchise going back to 1914 and can do damm well what they please. <ggg> It's a ponzi game, that's what it is just a legal pyramid racket how high it can go who knows. What will end it will be a surprise, maybe someone will get their hands on a stinger and shoot down air force one and panic will ensue. In this crazy world it could happen in a heart beat. Heck the CIA could even arrange it, as wild as that sounds why should it surprise any one. Take a good look at what they have already got away with. Jim