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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Beiming Wang who wrote (2372)	10/2/1998 4:19:00 PM
From: Tom	Read Replies (1) \| Respond to of 2951

It may be the boom gone to bust, Beiming. In every nation that's ever instituted it, the usury banking system has always run it to bust. I claim no knowledge of when it will happen this time; but as sure as the vices of mankind remain, it will happen, eventually. And the more corrupt the system is, the worse the eventuality. They ought to take some more of their own medicine. Trader Bob (Rubin) in particular. The hypocrite! This is the same irresponsible greed-monger that told the Chileans this past Spring that they could afford to speed-up their economy. Ha! All the more trouble they'd now be having. (The Chileans, by the way, received his on-site suggestion about as well as a sharp stick in the eye.) The Federal Reserve and all their brethren bankers should be forced to provide the transparency Trader Bob is always hounding other nations about. For heaven's sake, it's patently obvious that the U.S. Treasury Dept. isn't even a sovereign agency anymore. Their revised charter even says as much. I have some ideas on just how the banking system will attempt to work-out their woes, but I don't like to think about the cowardly dogs any more than I absolutely must. Fortunately, I require absolutely none of their parasitic services. See, now you got me started. ;) A growing number of people feel as I do. And the more that is entered in evidence, the more the number will grow. But for very selfish reasons the number will never be large enough to avert a financial and economic disaster here or elsewhere. As an example the following was posted at another WWW site, just yesterday. And I couldn't agree more. --------------------------------------------------------------------- I agree with your post about our sucking the life out of those economies in emerging countries. We are about consumption. And we will get the fix from anywhere and anyone from which we can take it, buy it, bargain it, or swindle it. The destruction of those economies is no joke. Their wealth was not just transferred, it was destroyed. Witness the total demise of their currencies, the downdraft of their real estate values, and so on. As I have posted many times, their wealth was destroyed. And for our powerful speculators, bankers, and financial elite, it was like taking candy from a baby. History will hopefully reflect the true sequence of these monumental economic dislocations and their cause. The absolute worst ingredient of all this is that our financial giants did this knowingly, with intent, and of all people, did know better. It was just another cat to skin for them. "We are helping them build for the future." Sure. And they will remember all this "help" for generations. enough said. ---------------------------------------------------------------------