[ale] those of you reading this while within US jurisdiction should have a care....

[MCover]

...Since ALE is supporting this discussion this far, I will throw my two cents (copper) in ...
I am glad I am part of this list, I learned more about this here and any other place --you do not have to answer to this but...how come all my philosophy class make sense now, while 'ethics' does not...

ok, that was just one cent -
M from CO, but native from Brasil (yes 's')



Chistopher Ness <mness215 at attbi.com> wrote:

>On Wednesday 16 October 2002 04:33 pm, Kilroy, Chris wrote:
>
>Since ALE is supporting this discussion this far, I will throw my two cents
>(copper) in. I am not normally a gold bug - in fact, I own none. And only two
>silver dollars. But...
>In many respects we are harvesting the results of actions under two different
>Presidents from before most of us were born. First Frankin Roosevelt took us
>off the gold standard  And then Richard Nixon finished the job by making
>money no longer redeemable in Silver. That left our currency supported by
>nothing but "the full faith and credit of the United States of America". Â At
>its simplest level, right now people have no faith in the US of A. Even
>writing that makes me nervous, but how else can you explain people running
>away from investing in our country and its businesses. People should be
>buying stocks now while they are "on a 50% sale". Coca-Cola (which dropped
>10% today) is selling just as much Coca-Cola as they ever have. Home Depot is
>selling a little more than they have as people fix things rather than buy.
>The Southern Company sells more kilowatts every single day. Â But since we
>have no faith we are not going to buy stocks until somehow magically, the
>price goes back up to overpriced levels when the public will buy again.
>
>The other thing that currency is is a marker for my labor in a barter economy.
>I will run cat 5 through your building in return for a potato grown by a
>farmer in Idaho who will who buys a tractor from a plant in Moline Illinois
>that uses software coded by one of you who needs the cat5. But this too
>requires faith. Faith that each of us will be there and willing to hold that
>dollar until you use it when it will still have value. Well, right now we
>aren't worried that the dollar is inflating and losing value. We are worrying
>that when this dollar goes away, we won't get another. For whatever reason,
>we worry about this. Whether that reason is that we fear war, or terrorists,
>or the DMCA, or Government expansion, or stock fraud, or the histerysis loop
>of all histerysis loops, the fear that the economy will never come back, the
>results are the same - the economy is in retreat. It will stay that way until
>we, the people have Faith again or until there is something that we value.
>
>The politicians aren't going to do it for us - the only power they have is to
>bribe us with other peoples money which when you examine it closely is only
>your own money with a few pieces removed and used to bribe other voters.
>Neither they nor Allen Greenspan make real money. The Federal Reserve Bank's
>money that they loan the Federal Government is still only promises against
>the future. So right now the Politicians are discovering they don't have the
>money coming in in taxes to make these bribes. They could borrow it from the
>FRB, but the problem there is that like a young person with his first credit
>card, we are overborrowed as a nation. Those minimum patments are too much
>for us so even with the lower "Teaser" interest rates that Greenspan is
>offering, we can't afford another loan. So once more it comes down to us -
>You and Me.
>
>The following is principally directed to Robert Harris as he is the principal
>whiner about what Bush and Greenspan have done to him:
>You are still alive. You still have a mind. You are apparently physically
>able. Â Get out there and make something. Or write something. Â Or do something
>on spec. If you have something of value to offer people, something that they
>will value, they will buy. If you wait for a "company to give you a job",
>prepare for a long wait.
>
>Thus endeth the sermon of the day.
>
>
>
>
>
>---
>This message has been sent through the ALE general discussion list.
>See http://www.ale.org/mailing-lists.shtml for more info. Problems should be
>sent to listmaster at ale dot org.
>
>


-- 
Life is Good - do not spoil it by trying to understand it.


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