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You are right on about greenspan. What an amazing concept... paying down
debt.
We need to take the debt to zero and then cut taxes... And by then we will
be able to afford it. If we follow the
republican plan and cut taxes know, we will have to raise them again in a
few years.
The country will be a lot stronger without the debt. And we will still have
funds for social services.
I really don't understand the republicans. It is easy arithmetic. Less
interest paid out means we can lower taxes permanently.
Stocks up, bonds up, interest rates down, foreign currencies down. The US.
will dominate the
world economy.
I'll take that ride.
----- Original Message -----
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: charles meyer <chmeyer@xxxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Thursday, July 22, 1999 3:14 PM
Subject: Re: GEN: Y2K EXTREMISM?
>
> 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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