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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (1500)	5/12/1999 12:48:00 PM
From: X Y Zebra	Respond to of 3536

Charles Ponzi made a profit on this, and so does the U. S. government. Social Security payroll-tax receipts have always been greater than Social Security benefit payments and will continue to be until about 2013, when the baby-boom sucker pool retires. The federal government has taken this surplus revenue, spent it and given the Social Security trust-fund IOUs in return. That is, the government spent the money and then promised to spend it again later. Hmmm... to me, the above date looks like the sell signal for stocks... which roughly agrees with my own calculations, based on the all scientific, "feel by the seat of my pants". (Actually, my sell signal was three years earlier). On the other hand.... I recently learned that the difference (in quantity), between the baby boomers and the X generation is only roughly 5 million, (with the boomers being the larger group.) And... if we seriously consider the real possibility of a global feeding frenzy on US stocks... based on the idea that they would be the best "retirement golden piggy bank".... (sort of a self-preserved concept.) The party for the pigs (moi included, OINK!), may continue for quite a long while past 2013...which in a way, it saddens me, since the possibilities of the politicians getting away Scott-free with their continuous robbery of the tax paying public will likewise continue, with the probability that it will increase even more....particularly if the US gov. insists with the dumb idea to becoming the policeman of the world. p.s. Great article. Thanks for posting it. btw... The real reason why the Ponzi schemes are outlawed, is because the government despises competition.