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To: Hawkmoon who wrote (26795)	1/22/1999 3:09:00 PM
From: John Mansfield	Respond to of 116769

IAEM : international association of emergency managers greenspun.com

To: Hawkmoon who wrote (26795)	1/22/1999 3:16:00 PM
From: John Mansfield	Read Replies (1) \| Respond to of 116769

LOL! 'In two long shelves of business and investment books, I noticed that only one book marked with a "30% off" sticker. That book was John Rothchild's The Bear Book, which by the way, is an excellent historical primer (even for bulls), and highly recommended even at full price. ' ... concentric.net That is the best book on investment that I have read in 1998! John

To: Hawkmoon who wrote (26795)	1/22/1999 3:31:00 PM
From: Investor-ex!	Respond to of 116769

Ron, I think the Fed provides a satisfactory compromise against irresponsible deficit spending. SATISFACTORY COMPROMISE? That's a gem. The Fed ENABLED PERMANENT deficit spending, then, now, and into the foreseeable future. And "irresponsible" deficit spending implies that there is such a thing a "responsible" deficit spending. There isn't. Every war, social program, and pet project is basically a scheme to issue yet more debt for the sole purpose of siphoning away the wealth of the working man in the form of taxation, both overt and clandestine. My proof: here we are, at the zenith of an incredible debt-funded 15 year "expansion". Has the national debt decreased one single penny in that time? Absolutely not, far from it! The interest payments rise, year after year. More debt is added by our "responsible" deficit friends at the Fed, year after year. If "responsbility" had any bearing on the "system" at all, we would be running huge surpluses by now. Blame is cast about in all directions, except towards the true culprits. The current and future debt-collapse disaster will be blamed on everything but the true culprits. The next cycle of debt-financed war will be blamed on everyone but the true culprits.