"Gig 601Xl Builder" wrote in message
...
| Flash wrote:
| "Gig 601Xl Builder" wrote in message
| ...
| wrote:
| To All:
|
| I got a couple of messages from fellows who did not agree with my
| opinion of the effect the bail-out would have. I recommended they
| read:
|
| http://www.usagold.com/germannightmare.html
|
| Those who fail to learn from history are destined to repeat it.
|
| -R.S.Hoover
| I've got a degree in Economics and I don't have a clue how this is
going
| to all shake out. Mainly because what this really is is the largest
| nationalization of private enterprise in the history of man.
|
| To make it worse it is being done by the largest economy in history at
a
| time when the world's economies are more tied to each other than ever
| before.
|
| Nobody from Alan Greenspan to a bum on the street can really tell you
| with any degree of certainty how this will effect the US and the World
in
| the long term. They don't have computer models for this.
|
| Anyone from either side of the political spectrum that says they know
what
| will happen is full of crap.
|
|
|
| OK, Gig, we are in agreement.......
|
| You have a degree in economics (I do not) but, we agree, neither of us
have
| a clue....
|
| That this manuver is gigantic, and historic, is also agreed.
|
| Asking Alan Greenspan OR the bum on the street will only get you
opinion,
| won't it? One might be "educated opinion", but nevertheless, opinion -
not
| divine prescience. And do we HAVE to have a computer model before we can
| make a rational thought or concious act?
|
| Well, when you are going do do something that will have a huge and very
| long lasting impact on the state of the world it ain't a bad idea to
| have at least a wild guess as to the outcome.
|
| This plan was thought up in less time than I spent mounting my prop this
| weekend. On Monday the 15th a conference call was held among the Fed,
| AIG and several banks. At that time the Fed said there would be know
| bail-out. That changed by the next day. How much time does that leave
| for a rational thought or conscious act to be rationally thought out?
|
|
|
| As for asking politicians for advice, their opinions, or a true glimpse
of
| the future, we will both agree again, is pointless.
|
| Pointless but the only option because if you read section 8 of the
| proposed law you will find this little gem.
|
| “Decisions by the Secretary pursuant to the authority of this Act are
| non-reviewable and committed to agency discretion, and may not be
| reviewed by any court of law or any administrative agency.”
|
|
|
| So me, I'm going to consult the tea leaves, look carefully at the
wooly-bear
| caterpillars, and count the fur in the tails of the grey-squirrels I
shoot
| when small-game season opens next month. Then I'll probably go buy a
pound
| of small-denomination silver coins as my "hedge against inflation",
although
| buying gold probably would be a bettr choice.
|
| I remember my uncle telling me that when his unit rolled through Germany
in
| the final stages of WW II, that black pepper had been selling for its
equal
| weight in gold on the civilian market.
|
| Flash
|
| Who knows, we may look back on life in Germany FOR GERMANs in the final
| stages of WWII and think of them as the good times.
|
| But that is the point we don't know.

Yeah, but the point is, it's a real bargain. It's only going to cost use
about $5000 each.