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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Harvey Rosenkrantz who wrote (11961)	7/2/1998 6:20:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 152472

Sorry Harvey, I tried Rosenkrantz with an 's' initially but decided it didn't look right and was too lasy to check, so left it with a 'z'. Rolling and ranting on for a little longer: Qualcomm has to go up 50% to get to its previous high, allowing for a bit of Fed monetary quantum mechanical time/distance dilatation. Isn't it interesting that time and distance are treated as separate quantities though each is defined by the other. You with me SurferM? Well, money and the value of a cellphone are similar - each is defined by the other though they are purportedly different states of being. The money represents the creative value of the economy monopolized by the State Printing Agency. If there are lots of handsets being made really cheap, cheaper and cheaper, the Fed can go on printing to keep the cellphone at a constant price, which would mean zero inflation and they would be so proud of themselves. But suppose you have something like Qualcomm which is getting more and more valuable because of all the creativity and productive capacity being developed, then the value of it keeps going up as the money is printed, and it goes up at the total of money printing PLUS value creation from the creativity and productivity. Hence Dow 16000 Feb 2002 and Qualcomm $90 pretty soon. What's really cunning is the USA is so effective that the Fed has largely defeated many other State Money Printing Monopolies such as Russia's and people there and elsewhere will trade in US dollars rather than their own currency which their own 'Feds' shamelessly print into confetti. So despite an enormous and rapid expansion of the number of US$ around the world, inflation remains 'tamed' - as though it is something other than the consequence of a mere printing press. They try to confuse the issue by bringing in a bit of 'prudential' breathing, much like a cdmaOne cell 'breathes' and claiming banks control credit expansion. As though it is all a bit magical and nobody knows what's happening. Don't be fooled. They are trying to rob you. Buy Qualcomm, or the index or a bunch of good companies and protect yourself against the printing bandits. Ride the new paradigm! Don't be suckered by 'cash is king' 'deflationary spiral' 'etc'. Abandon cash - use it just to pass through to your next asset - shares to house to car to holidays. Anyone reckon there's anything wrong with that? I've wondered about credit collapse for several years now and a market clearing crash but have now discounted the possibility. Mqurice [just thinking out loud and hoping some whizz bang economists can find fault - I know it sounds beginner stuff - that's because I am]