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Nice post .. I totally agree with you on Greenspan. His worst problem is
that he's so much more intelligent than anyone in congress, he has trouble
conveying the msg. January 2nd, the press will be covering stories about
the sheep farmer in Idaho who lost his feed records. Grab the comet's
tail .. Enough nuts back there to hold us til Y3K .. :))
Bob
At 06:14 PM 7/22/99 -0400, Dick Webb wrote:
>
>Charles,
>
>1) There doesn't need to be a consipirisy to get
>people into debt. People do not learn proper money
>values for the most part. Most have little
>understanding of natural cycles....herd mentality.
>
>
>2) Y2K...The "experts" will tell you to watch out for
>the embedded chips and that they can ruin us. I can
>count on one hand the number of embedded chips in my
>house. So what if my VCR doesn't work any more.
>(Is it time to invest in VCR Sales?)
>
>3) The end is near stock up on food. This was the call
>of 1979. This type of hype often is heard the loudest
>during an extreme market swing. In 1979 I filled my
>garage with $1,400 worth of dehydrated food. In 1982 I
>gave it away to the food bank. In 1979 i made a mint
>in Silver futures. What market is up now?
>
>As a general rule it is a good idea to have a weeks
>worth of food around the house. In the normal course
>of events I have that much anyway. Reserve water is in
>my water heater and swimming pool.
>
>Investments in silver....yeah right who will take
>silver in exchange for food today? What makes anyone
>think that someone will take it during a panic.
>
>Gold...I have a one ounce coin can how many apples
>will
>you give me for it? I only want 10 apples ...What will
>you give me for change?
>
>Foreign accounts.....In the USA we are Y2K paranoid
>and the rest of the world is not...Why would I put my
>money over there.
>
>Accounts here....Have several months of statments.
>Open up a few new savings accounts. If one bank has
>problems maybe the other will be open.
>
>CASH...Greenspan is printing several billion extra
>keep a few thousand just in case. He is the best thing
>that ever happend to this country. He has radical
>ideas like pay down the national debt and reduce
>taxes.
>
>In closing FDR had it right
>The only thing to fear is.........
>
>Good Trading
>Dick
>
>
>
>===
>Big Lucky Dick
>
>_________________________________________________________
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>
>
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