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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: m.philli who wrote (6134)	5/30/1999 9:19:00 PM
From: lorne	Respond to of 80994

Hello mphilli........." The little expertise I have lies in the fields of farming and steam power generation"...... That's exactly what I do. Take care Lorne

To: m.philli who wrote (6134)	5/31/1999 1:36:00 AM
From: d:oug	Read Replies (1) \| Respond to of 80994

Mike, I have some easy questions for you to speculate answers for. WORLDWIDE PROSPERITY IS BUILT UPON A HOUSE OF CARDS: Former Federal Reserve Chairman Paul Volcker said May 21, 1999: ...world economy dependent on growth of USA economy ...USA economy dependent on it's stock market ...USA stock market growth is dependent on about 50 stocks ...of these 50 stocks, half have never reported any earnings True that a big portion of USA citizens saving is now in USA stock market ? Is foreign money in USA stock market ? If so, then if stock market drops big time like a 10,000 to 8,000 will everyone who didn't sell on the drop hold and wait for it to go back up, or will they panic and take it lower to like 6,000 ? I hear that USA people buy lots of goods, especially cheap foreign stuff which helps the foreign country. But I hear that lots of this buying is done on credit, not payed in full with cash. Also, I hear that the reason people do this is because they see their investment in USA stock market showing big returns, so they feel like they have lots of money. But the money is only in their pocket when they sell the stocks they hold. So if they use a credit card to purchase goods rather than cash in their shares of stocks, then they must feel that the return in the stock market must be greate than the credit card interest. Is what I just wrote true ? Ok, so if the USA stock market falls and people sell and get back not the 10,000+ type return, but just equal to what they invested, then it seems like they didn't really lose much, except for those that own lots on their credit cards, or brought big items on time like a house or car with the item being more than they could afford thru paycheck. I talked to a person recently that got in the mail an offer from CHASE Bank for an instant US $7,500 loan. They took it and put the money into stock market. They just got first payment due statement, and even tho they knew that $162 was due each month, they were shocked to see on the payment statement, Interest Billed $77 Principle Billed $85. If the banks have lots of these types out there, and the stock market crashes, then lots of people in trouble, and maybe banks too. If above happens, then where is the money ? Was all the money real in the first place ? The money a bank loans out existed in the first place, yes ? I thought that inflation was the Fed printing too much money, as in creating more money than the goods it will create. With USA having no inflation, then all the money is on equal to the value of the goods currently in existence. But then how can an .com company be worth millions or billions when it don't have produce any goods, except a promise to be the next Micro Soft ? Does some of the money in circulation represent future goods, based on a hope ? If the .com(s) fail to produce equal to money invested, then the .com company disappears, but the money still exist ? If so, then more money exist than value of goods, and this is inflation, yes ? thanks Doug