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![]() "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. |
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