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

To: Bonnie Bear who wrote (37034)	2/3/1999 5:01:00 PM
From: James F. Hopkins	Read Replies (4) \| Respond to of 94695

Bonnie; She is acting a lot like she did just before her Top last July, I think we may test the OCT lows, again if not that low on the index , at least in terms of REAL dollars. ------------------- People don't seem to get it, big currency trades are made by a cartel of international investment bankers, money does not go to best risk/reward it goes exactly where they want it to. These guys belong to a fraternity and they operate unrestricted in collision to strip away the savings of first one country then the next. Currency swaps are at the base of it all on top of that they are the same ones who charge a spread to anyone who tries to catch their shirt tail. They run the so called free world lock stock and barrel. GreenSpam let it slip a week or so ago as he referred to them as the Policy makers. "Policy makers" is an old under world term, and this market will go just the way they want it to. Best we can do is grab a shit tail from time to time. Jim BTW with the euro we don't have to track so many currencies any more just it, the Pound, the YEN, and the SDRs against the dollar and one another to get a fair picture. Right now the Dollar is sucking hind tit. Currency swaps account for more money moving than Bonds and stocks put together, it's at the heart of things the interest rates are much like our indexes , and don't always tell the true story. They can buy bonds at one rate and sell at another to where it looks like they lost money BUT they bought with cheap dollars and sold to get back dollars worth more and that moved more than the rates did. If we can't tax big currency swaps there is no way to end this sort of rip off. The whole thing is a Racket..run by racketeers of the likes most people never dream of. Jim