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No, I don't agree. I would suppose what you are saying is it is better to
be in debt than not. I would like to propose to you that if you wish you
may become in debt to me starting now. You can start sending me $100, $500,
or whatever amount you wish each month so that you can realize your own
personal economic boom. Remember, the more you send me out of your pay
check each month the more you will have for yourself, or so your theory
goes. Yes, nothing better than to be in debt to someone! Lets face it, the
reason the majority of Americans are in debt is because the tax rate is 60%.
Government encourages us to save, and yet, at the same time, whatever is
left at the end of the month for someone to save Uncle Sam say's "Give it to
Me". Reader's digest did an article on this a few months ago. Remember,
in the next few years the tax form will be very simplified, forget flat tax
rates, etc. This is the easiest form of all, and the last form needed, and
it will be as follows: "How much did you make this year $______. Send it
in!"
Kohath
----- Original Message -----
From: Howard Hopkins <hehohop@xxxxxxxxxxx>
To: <andrew@xxxxxxxxxxxxx>; <dickwebb711@xxxxxxxxx>;
<realtraders@xxxxxxxxxxxx>
Sent: Friday, July 23, 1999 8:26 AM
Subject: Re: GEN: Y2K EXTREMISM?
> Didn't we hear this same debt arguement in the 92 elections??
>
> The absolute $ amount of national debt is irrelevant. The % debt relative
> to GDP is what you need to control. Should you refinance your home
mortgage
> when interest rates are @ 30 year lows?? How about a second mortgage?
>
> Supply side economics kicked off this whole boom in the Reagan era and
> expanded the revenue side of the equation. Why won't that work now?
>
> And by the way... aren't stock prices near all time highs, bond prices
near
> multi-decade lows, and the dollar the strongest currency in the world?
This
> economic theory to pay down debt to improve the US economy has been
> invalidated in the real world... don't you agree?
>
>
> >From: "Andrew" <andrew@xxxxxxxxxxxxx>
> >To: "Dick Webb" <dickwebb711@xxxxxxxxx>, <realtraders@xxxxxxxxxxxx>
> >Subject: Re: GEN: Y2K EXTREMISM?
> >Date: Thu, 22 Jul 1999 17:26:12 -0700
> >
> >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
> > >
> > > _________________________________________________________
> > > Do You Yahoo!?
> > > Get your free @yahoo.com address at http://mail.yahoo.com
> > >
> > >
> > >
> >
>
>
> _______________________________________________________________
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>
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