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To: Jerry G. who wrote (71178)10/9/1998 9:25:00 PM
From: Don Martini  Read Replies (2) | Respond to of 176387
 
Party over? Uncle Sam's finger is in the Dike but it isn't fat enough! USA is the biggest debtor in history, balance of payments deficit nears $300 billion this year alone. So what do you do? Write bad checks! Japan has warehouses of dollars from Toyotas, Nikons, electronics and Mitsubishis [their Zeros raided Pearl Harbor] If they sell those dollars this Titanic won't take 2 hours to sink!

So what do our protectors, the regulators do? Create a drunken haven for thousands of "Hedge Funds" explained on Yahoo! News Oct 2. WHAT'S a hedge fund, Grandpa? They make "sophisticated financial bets" [interest & exchange rates] using "complex financial instruments.

How many are there? Nobody knows. No strict rules; Sam doesn't require disclosure of the managers' names or strategies to investors! How do you get a seat at the table, pigeon? Be worth $1 mil and be recruited by a "consultant", bookie. He gets a cut.

Who ran the Long-Term Capital fund? Geniuses, and a former Fed Reserve vice-chairman, Greenspan buddy no doubt. What went wrong? They got 2.2 Bil from investors, borrowed from banks to buy $90+ Billion in securities [ruble derivatives, stuff like that] With this collateral they made $1.25 TRILLION in margined bets: lost it. But not to worry, everything's under control, we'll just put the tab on your credit card. On an unsinkable ship who needs lifeboats?

The elite who run things are dedicated internationalists. As a lifelong bible student it's clear to me the beast of Revelation 17 which goes into the pit of non-existence and comes out to receive power from all nations of the earth [indicated by the perfect number 10] is the League of nations reincarnated as the UN: which George Bush alluded to as the New World Order.

"Both small and great, rich and poor, free and bond, receive a mark in their right hand, or in their foreheads: [You work with your hands, think with your head] and that no man might buy or sell, save he that had the mark" Rev 13:16-17 To destroy a civilization: gut the currency, but not to fear, a new world order is coming.

PS: Christ destroys the beast, its called Armageddon!

Don Martini



To: Jerry G. who wrote (71178)10/30/1998 9:44:00 AM
From: Walt Corey  Respond to of 176387
 
Jerry, Perhaps I am naive, but I don't see a bear market in our future at all. Perhaps not the truly technical definition but I see a bear market as one plaqued with pervasive 0 growth or negative growth in all sectors. This clearly isn't the case. Another factor that makes these times better than any other in history is the advent of the 401(k) and Roth plans. Given that the supply of shares remains fairly constant over time and there are billions of dollars pouring into the market monthly, econonomics 101 pretty much dictates stock prices will continue to rise. Bonds and money markets aren't going to get anyone to retirement. They may serve as good income retreats but hardly suitable for retirement planning. I would look for the strong issues to come out stronger and the weak issues to take the brunt of the 'shake-out' When people realize the bond market and money markets are not where they really want their money, I suspect DELL will have a huge demand. -Walt