$64

I made $64 in the stock market today.

Sometimes I win. Sometimes I lose.

There are so many lessons to learn.

I keep expecting the market to crash. Thus, I can't commit too much at any
time.

I would worry that I'm being paranoid about the US economy. However, today
I listened to Donald Trump's assessment of the US economy. In part, he
quoted an unrevealed expert, that he trusts, who once said $50 oil would
cause a US recession, and over $50 would cause a depression. We are
currently at about $120 oil.

Of course, there are stocks that are for foreign companies. I just can't
get comfortable with the notion that an investment in Brazil may be safer
than in the US.

If I spend too many hours focusing on the market I can stress out. Then if
I take some risperdal, I may unstress, but it is like taking a stupid pill.
My IQ goes down, or something.

On May 16, 5:00 am, "Quiet Neighbor" <priv...@spamless.net> wrote:
> I made $64 in the stock market today.
>
> Sometimes I win. Sometimes I lose.
>
> There are so many lessons to learn.
>
> I keep expecting the market to crash. Thus, I can't commit too much at any
> time.
>
> I would worry that I'm being paranoid about the US economy. However, today
> I listened to Donald Trump's assessment of the US economy. In part, he
> quoted an unrevealed expert, that he trusts, who once said $50 oil would
> cause a US recession, and over $50 would cause a depression. We are
> currently at about $120 oil.
>
> Of course, there are stocks that are for foreign companies. I just can't
> get comfortable with the notion that an investment in Brazil may be safer
> than in the US.
>
> If I spend too many hours focusing on the market I can stress out. Then if
> I take some risperdal, I may unstress, but it is like taking a stupid pill.
> My IQ goes down, or something.

I have lost 21% on shares and 12% in mixed stock-bond funds.

I did not withdraw my investment, mostly due to wrong estimations, but
also because I think speculative profit is immoral.
I.e., if I sold and bought to "earn" 30%, the fund and honest
investors would lose the same value.

> I have lost 21% on shares and 12% in mixed stock-bond funds.
>
> I did not withdraw my investment, mostly due to wrong estimations, but
> also because I think speculative profit is immoral.
> I.e., if I sold and bought to "earn" 30%, the fund and honest
> investors would lose the same value.

I'm sorry to hear about your losses.

Fortunately, I do not share your view on the social implications of making a
profit on investments.

These are tough times for investing.

Often the other side of one's trade is a computer at a hedge fund, or a
market-maker. It might be an individual too though.

I suppose you would also be uncomfortable with poker.

When you strike oil, don't forget the little people. Speaking of oil,
"There Will Be Blood" is a good film if you haven't seen it yet.
Daniel Day Lewis is the main star. I don't think he's done a B film
yet.

"Erik the Red" <spock_smokes@hotmail.com> wrote in message
news:b3949d04-84d0-4a0e-8a02-1923b950ec4b@56g2000hsm.googlegroups.com...
> When you strike oil, don't forget the little people. Speaking of oil,
> "There Will Be Blood" is a good film if you haven't seen it yet.
> Daniel Day Lewis is the main star. I don't think he's done a B film
> yet.

I plan to see it, when it comes out on DVD.

It's been on DVD for a while now. Redbox has it.

In January when I got my homestead rebate check (tax money) I
immediately dedicated it , primarily, to foods.

I KNEW the prices would sky rocket.
I made a wise investment with a stong retun.

Couple days ago while in a supermarket with some lady friends I saw
peanut butter, natural smuckers, went up 75 cents. Saltines without tran
fats, 50 cents.
and etc........

I have a large pantry and a freezer both well stocked. And the money I'm
saving is well over 64 dollars.
And it will continue for sometime yet, months.

Of course I still have to pay the weekly increases in the price of eggs,
milk, bread and other perishables.

Coffee. That was my biggest mistake.
I didn't stock up on coffee in time.

Its a depression coming.

April broke new records for home foreclosures which means value,
dollars, have gone poof, all gone.

It will take time for it to completely trickle down but we ain't seen
nothing yet.

YUP! I sa it in January and having that tax rebate I bought food.
GOOD food.
Plenty of frozen meats and good canned foods.

I'm ready for the end.

Of course the end will be when the food riots start in the poor inner
cities.

Already my food stamps can't buy hardly shit. Food stamps are all going
into SUV gas tanks.

64 bucks is good.

Buy jock straps by the gross. Everybody will want them once the facts
hit the fan.
Pain in the nuts for sure.

Sell jock straps at a good profit.

Its EXPENSIVE buying Iraq.

See, all this money spent and loaned on housing has dissappeared.
"POOF!".
It ain't there no more and its still getting worse.

In an attempt to save their money investors are buying rice and oil and
various odds and ends.

This means the value of all these "safe houses" is being over stated.
Bubbles" like they say.

So inventory is increasing. Lots of invetory.

And starting with construction workers and home improvement people they
lost their money.

This is why home depot is clsing some stores.

Prices are rising like a run-a-way train on food.

The bubble price of oil, claimed by all including Saudi Arabia, will
collapse.
Because demand MUST drop off.

This is how my Dad explained the depression. He said it took years after
the money loss when the market crashed.

So after a while, all this inventory being used to guard the money will
stop selling.
Unemployment will continue to increase.

Prices on the pverstocked inventory will plummet and no one will be able
to bu it anyway.

Why? Because we lost so much money there isn't enough to go around
anymore and it will take a few years before the real depression hits.
We don't have the money to run the usual exchanges we are used to in the
States.
Period.

I just read the dollar is falling against all currencies.
Thats why coffee is getting expensiv at the supermarket.
Imported electronics.

Its the end of the world.

I suggest everyone buy jockstraps so they'll be ready when the truth
hits.

The money went "Poof". No body has it. It just went "poof".
And we ain't got enoug nomore.

Thats why the fed fed inflation because it throws more "unsupprted"
money into the system.

The bottom line is we can not afford to buy Iraq. There were hidden
sticker prices on it.

Meanwhile......buy non-perishable foods.

Prepare for the food riots and looting of supermarkets in the inner
cities because foodstamps won't buy near enough to stop children from
going hungry.

Expect people in SUVs to be attacked hile driving through certain
neighbirhoods.

They are taking the food from the poor and subsidizing SUV rich people's
big cars.

Like my Dad said, no body thought nothing about the crash of 29 at the
time except investors.
It wasn't until the thirties the realization hit...there isn't any money
anymore to go around.

Its the end of the world.

Dad said first the prices soar and then later on the prices collapse as
the truth is slowly accepted, and then no body has the money to buy at
the cheap prices.

Since I ain't an economist, you're gonna have to spell it out for me. How
can money disappear? D'you maybe mean VALUE has disappeared?

The Bibble Guy
"Be a fruit and do long division." - The Bibble

"Twang - twang" <damodara@webtv.net> wrote in message
news:8722-48303DA9-1647@storefull-3233.bay.webtv.net...
> See, all this money spent and loaned on housing has dissappeared.
> "POOF!".
> It ain't there no more and its still getting worse.
>
> In an attempt to save their money investors are buying rice and oil and
> various odds and ends.
>
> This means the value of all these "safe houses" is being over stated.
> Bubbles" like they say.
>
> So inventory is increasing. Lots of invetory.
>
> And starting with construction workers and home improvement people they
> lost their money.
>
> This is why home depot is clsing some stores.
>
> Prices are rising like a run-a-way train on food.
>
> The bubble price of oil, claimed by all including Saudi Arabia, will
> collapse.
> Because demand MUST drop off.
>
> This is how my Dad explained the depression. He said it took years after
> the money loss when the market crashed.
>
> So after a while, all this inventory being used to guard the money will
> stop selling.
> Unemployment will continue to increase.
>
> Prices on the pverstocked inventory will plummet and no one will be able
> to bu it anyway.
>
> Why? Because we lost so much money there isn't enough to go around
> anymore and it will take a few years before the real depression hits.
> We don't have the money to run the usual exchanges we are used to in the
> States.
> Period.
>
> I just read the dollar is falling against all currencies.
> Thats why coffee is getting expensiv at the supermarket.
> Imported electronics.
>
> Its the end of the world.
>
> I suggest everyone buy jockstraps so they'll be ready when the truth
> hits.
>
> The money went "Poof". No body has it. It just went "poof".
> And we ain't got enoug nomore.
>
> Thats why the fed fed inflation because it throws more "unsupprted"
> money into the system.
>
> The bottom line is we can not afford to buy Iraq. There were hidden
> sticker prices on it.
>
> Meanwhile......buy non-perishable foods.
>
> Prepare for the food riots and looting of supermarkets in the inner
> cities because foodstamps won't buy near enough to stop children from
> going hungry.
>
> Expect people in SUVs to be attacked hile driving through certain
> neighbirhoods.
>
> They are taking the food from the poor and subsidizing SUV rich people's
> big cars.
>
> Like my Dad said, no body thought nothing about the crash of 29 at the
> time except investors.
> It wasn't until the thirties the realization hit...there isn't any money
> anymore to go around.
>
> Its the end of the world.
>
> Dad said first the prices soar and then later on the prices collapse as
> the truth is slowly accepted, and then no body has the money to buy at
> the cheap prices.
>
>

The house was worth, lets just say, 200,00 dollars.
Thats about normal here in the Princeton suburbs.

Now the montly mortgage increases based on the assumption the worth of
the real estate would increase.

BUT.......they made bad loans so all these people are failing to pay the
mortgage.

This puts more houses on the market.

More houses for sale means cheaper houses because of supply and demand.

At the same time house building was booming.

So one day this house morgage which barrowed 200,000 dollars is suddenly
worth only 100,000 thousand dolaars but the mortgage is writen fo
2000,000 dollars.
They want out, right? But they have to pay this giant loan more thentwo
time the worth of the house.

So...they default.

The more defults the cheaper the houses gets.

Now......who has that 200,000 dollars?
Nobody.
It was the value of the house and real estate as they say only goes
"up".

The builders might have it. But they are out of work unable to sell the
empty houses they built oncornfields because the prices are dropping
everyday.

April broke a record on defaulted mortgages.

There is no VALUE in the homes and the homes had all been sold when
there was great value.

So.......Hom Depot is closing "weak" stores. Home improvement men aren't
getting jobs.
Cnstruction workers are sitting in the union hall.
Realtors are sitting in their office.

Lumber isn't needed. Building supplies arn't needed.Close the mills.

These people are not buying refrigerators or new TVs. No new cars this
year.
All this triggers layoffs because there isn't enough money left to run
the system.

Food and Oil is increasing because people want a secure pace to hide the
money thats left.
Always need gas, right?

Well foks don't have the money to buy gas. Or food, or rice, because its
tied up as commodities keeping the money that remins safe.
Just like the Saudi's said.

Then we get riots at food stores in poor neighborhoods and people who
drive SUVs get attacked as they drive by certain neighborhoods.

My foodstamps buy NOTHING these last few months. They need my food for
the SUVs.

The sky is falling.

The dollar is falling so all foreign products cost more.

We CAN'T afford to buy IRAQ! isten to me!
We can not buy Iraq. Somebody will put the Iraqi oil on the market just
not us.

If they just run the presses and print more money it produces rapid
inflation.

THAT is what they did in the beginning to forstall economic panic.

Now they have to sit tight.

No more press runnings.

And take the food intended for pigs and chickens and dairy cows, as Bush
mandated, and make ethenol.
Food prices raise.

The poor will understand while we kill their boys in service for oil in
Iraq and starve the poor american families for ethenol.

LOTS and of people can't pay off their hndreds of thousands dollars
debts.
They don't have the money.
Nobody has the money.
It went "Poof!".

Now? There's hell coming in a few years.

It took that long for the 29 crash to hit mainstreet.
The money went "Poof!" then too.

Everybody is defaulting on 100's of thousads of dollars debts.
Thats money that went "Poof!".
Its gone like a dog fart in a snow storm.

Accountants will write it up as a debit.

NOBODY has the 100s of thousands.

The houses have devalued greatly because so many folks defaulted on 100s
of thousands in loans on houses that the value of a house in a gluted
market is FAR less now.

The reason for the todays rise in building is because of apartment
buildings being built to handle the "exodus".

But the job losses will continue it said today at MSN.

So......new cars won't be sold.

Yacht builders will take up fishing because no body will buying yachts.

It'll take a couple years for it to hit main street.

It cost me this late in the month but I bought 4 pounds and 5 ouces of
coffee for under 14 dollars.

THAT was exceptional.

Considering the increase in coffee prices recently.

K-mart and Target are doing great because the small businesses can no
longer keep their customers. That means lost tax base, failed
businesses, lost jobs., empty buildings.
I see this on the business stock market channels' scrolls.

Scary stuff. But what's going to happen to people who are on government
benefits? What about the elderly on their pensions?

The Bibble Guy
"Be a fruit and divide." - The Bibble

"Deep Thoughts" <brainsprained@webtv.net> wrote in message
news:7282-483189C3-1855@storefull-3236.bay.webtv.net...
> The house was worth, lets just say, 200,00 dollars.
> Thats about normal here in the Princeton suburbs.
>
> Now the montly mortgage increases based on the assumption the worth of
> the real estate would increase.
>
> BUT.......they made bad loans so all these people are failing to pay the
> mortgage.
>
> This puts more houses on the market.
>
> More houses for sale means cheaper houses because of supply and demand.
>
> At the same time house building was booming.
>
> So one day this house morgage which barrowed 200,000 dollars is suddenly
> worth only 100,000 thousand dolaars but the mortgage is writen fo
> 2000,000 dollars.
> They want out, right? But they have to pay this giant loan more thentwo
> time the worth of the house.
>
> So...they default.
>
> The more defults the cheaper the houses gets.
>
> Now......who has that 200,000 dollars?
> Nobody.
> It was the value of the house and real estate as they say only goes
> "up".
>
> The builders might have it. But they are out of work unable to sell the
> empty houses they built oncornfields because the prices are dropping
> everyday.
>
> April broke a record on defaulted mortgages.
>
> There is no VALUE in the homes and the homes had all been sold when
> there was great value.
>
> So.......Hom Depot is closing "weak" stores. Home improvement men aren't
> getting jobs.
> Cnstruction workers are sitting in the union hall.
> Realtors are sitting in their office.
>
> Lumber isn't needed. Building supplies arn't needed.Close the mills.
>
> These people are not buying refrigerators or new TVs. No new cars this
> year.
> All this triggers layoffs because there isn't enough money left to run
> the system.
>
> Food and Oil is increasing because people want a secure pace to hide the
> money thats left.
> Always need gas, right?
>
> Well foks don't have the money to buy gas. Or food, or rice, because its
> tied up as commodities keeping the money that remins safe.
> Just like the Saudi's said.
>
> Then we get riots at food stores in poor neighborhoods and people who
> drive SUVs get attacked as they drive by certain neighborhoods.
>
> My foodstamps buy NOTHING these last few months. They need my food for
> the SUVs.
>
> The sky is falling.
>
> The dollar is falling so all foreign products cost more.
>
> We CAN'T afford to buy IRAQ! isten to me!
> We can not buy Iraq. Somebody will put the Iraqi oil on the market just
> not us.
>

On Sun, 18 May 2008 11:07:46 -0400, "The Bibble Guy"
<the_Bibble_guy@befruity.com> wrote:

>Since I ain't an economist, you're gonna have to spell it out for me. How
>can money disappear? D'you maybe mean VALUE has disappeared?
>

Poof-money... I like that.

If someone ever writes the history of our current "finacial" era, I
think poof-money will be a good word for what Damo is expressing.

Let's see if I can make this simple.

Let's say you find a cheap house for 100k.
You go to the bank and get approved for a mortgage.
Guess what happens...

Now, you think they will take 100k of other peoples money and loan it
to you. You would be like most people. If you do, you are a rube just
like them.

Here's what really happens...
They type 100000 into their computer and *POOF* 100k of new money
just poofed into existance. Some computers talk and it goes to
someother account.

Then all these wizards zap the data around 10-20-100 times and each
time they make a commission, and if you zap enough data you get a
million dollar bonus

Now what about that 100k you "borrowed" well, eventually if all goes
right, you pay it back and it *poofs* out of existance again.
Except now they have another 100k of interest that you gave them to
zap around.

Right now large (relatively) chuncks of the zap money are *poofing*
out of existance in the most annoying way (to the wizards.)

I suspect the amount of paper cash is relatively constant to the
population. In the era which we live through it's moving from the
wallets of the many to the wallets of the few.

It's a sin.

Brian

________________________________

All I want to say to you is:

de-do-do-do, de-da-da-da

"Third_LOOP_Left" <Third@LOOP.Left> wrote in message
news:u94634t7fef7odhdvkfupump0p52c39d7t@4ax.com...
> On Sun, 18 May 2008 11:07:46 -0400, "The Bibble Guy"
> <the_Bibble_guy@befruity.com> wrote:
>
>>Since I ain't an economist, you're gonna have to spell it out for me. How
>>can money disappear? D'you maybe mean VALUE has disappeared?
>>
>
> Poof-money... I like that.
>
> If someone ever writes the history of our current "finacial" era, I
> think poof-money will be a good word for what Damo is expressing.
>
> Let's see if I can make this simple.
>
> Let's say you find a cheap house for 100k.
> You go to the bank and get approved for a mortgage.
> Guess what happens...
>
> Now, you think they will take 100k of other peoples money and loan it
> to you. You would be like most people. If you do, you are a rube just
> like them.
>
> Here's what really happens...
> They type 100000 into their computer and *POOF* 100k of new money
> just poofed into existance. Some computers talk and it goes to
> someother account.
>
> Then all these wizards zap the data around 10-20-100 times and each
> time they make a commission, and if you zap enough data you get a
> million dollar bonus
>
> Now what about that 100k you "borrowed" well, eventually if all goes
> right, you pay it back and it *poofs* out of existance again.
> Except now they have another 100k of interest that you gave them to
> zap around.
>
> Right now large (relatively) chuncks of the zap money are *poofing*
> out of existance in the most annoying way (to the wizards.)
>
> I suspect the amount of paper cash is relatively constant to the
> population. In the era which we live through it's moving from the
> wallets of the many to the wallets of the few.
>
> It's a sin.
>
> Brian
>
> ________________________________
>
> All I want to say to you is:
>
> de-do-do-do, de-da-da-da

Which makes me ask what money is real and what's not. The extra 100,000 they
got from you in interest is supposed to be real money you got from your
boss, but she got it in the end from it being zapped into existence in some
computer. I wrong?

The Bibble Guy
"Be a fruit and divide." - The Bibble

The billionaire Soros calls it a period of wealth destruction.

I have bet against Downey Savings twice. The first time I made about $150.
The second time I made about $650. It is hard to do, because no shares are
available for short-selling and "put options" have a large spread with a
huge premium. Also, I like to hedge my moves, which controls risk, but
reduces the ultimate profit. If I had thrown out caution and bet the farm,
I could easily have made $10,000 or $20,000. Unfortunately, I can't handle
that kind of risk.

Downey Savings has a huge portfolio of "Neg-AM" mortgages. In addition to
the value of houses being below the loan amount, these mortgages allow the
buyer to pay just part of the interest due. The rest of the interest goes
to increasing the total owed on the loan. When the loan has increased to
110% of the original loan amount, the buyer can no longer pay just a
fraction of the interest. The payments "re-rate" to much much higher
payments. The buyers then default.

I started betting against Downey when the stock was at 18. I took my profit
when the stock reached 15. I bet against them again, when the price was 13.
I took my profit, when the price was 10. Now they are at 8.5. A major
lawsuit has been filed against Downey (a few days ago) alledging that Downey
made misrepresentations to stockholders. The lawsuit will be like taking
blood from a turnip. Even if they win, there will be nothing to collect.

Customer deposits at Downey are going down by about $200 million a month as
their customers find out the bank is in trouble.

Should I bet against them again?

On Tue, 20 May 2008 16:02:03 -0400, "The Bibble Guy"
<the_Bibble_guy@befruity.com> wrote:

>
>"Third_LOOP_Left" <Third@LOOP.Left> wrote in message
>news:u94634t7fef7odhdvkfupump0p52c39d7t@4ax.com.. .
>> On Sun, 18 May 2008 11:07:46 -0400, "The Bibble Guy"
>> <the_Bibble_guy@befruity.com> wrote:
>>
>>>Since I ain't an economist, you're gonna have to spell it out for me. How
>>>can money disappear? D'you maybe mean VALUE has disappeared?
>>>
>>
>> Poof-money... I like that.
>>
>> If someone ever writes the history of our current "finacial" era, I
>> think poof-money will be a good word for what Damo is expressing.
>>
>> Let's see if I can make this simple.
>>
>> Let's say you find a cheap house for 100k.
>> You go to the bank and get approved for a mortgage.
>> Guess what happens...
>>
>> Now, you think they will take 100k of other peoples money and loan it
>> to you. You would be like most people. If you do, you are a rube just
>> like them.
>>
>> Here's what really happens...
>> They type 100000 into their computer and *POOF* 100k of new money
>> just poofed into existance. Some computers talk and it goes to
>> someother account.
>>
>> Then all these wizards zap the data around 10-20-100 times and each
>> time they make a commission, and if you zap enough data you get a
>> million dollar bonus
>>
>> Now what about that 100k you "borrowed" well, eventually if all goes
>> right, you pay it back and it *poofs* out of existance again.
>> Except now they have another 100k of interest that you gave them to
>> zap around.
>>
>> Right now large (relatively) chuncks of the zap money are *poofing*
>> out of existance in the most annoying way (to the wizards.)
>>
>> I suspect the amount of paper cash is relatively constant to the
>> population. In the era which we live through it's moving from the
>> wallets of the many to the wallets of the few.
>>
>> It's a sin.
>>
>> Brian
>>
>> ________________________________
>>
>> All I want to say to you is:
>>
>> de-do-do-do, de-da-da-da
>
>Which makes me ask what money is real and what's not. The extra 100,000 they
>got from you in interest is supposed to be real money you got from your
>boss, but she got it in the end from it being zapped into existence in some
>computer. I wrong?
>
>The Bibble Guy
> "Be a fruit and divide." - The Bibble
>
very good.

money is supposed to be what the guy with the food will take to give
it to you.

Brian

________________________________

All I want to say to you is:

de-do-do-do, de-da-da-da

"Quiet Neighbor" <private@spamless.net> wrote in message
news:zoKdneGxppj0pq7VnZ2dnUVZ_siknZ2d@comcast.com. ..
> The billionaire Soros calls it a period of wealth destruction.
>
> I have bet against Downey Savings twice. The first time I made about
> $150. The second time I made about $650. It is hard to do, because no
> shares are available for short-selling and "put options" have a large
> spread with a huge premium. Also, I like to hedge my moves, which
> controls risk, but reduces the ultimate profit. If I had thrown out
> caution and bet the farm, I could easily have made $10,000 or $20,000.
> Unfortunately, I can't handle that kind of risk.
>
> Downey Savings has a huge portfolio of "Neg-AM" mortgages. In addition to
> the value of houses being below the loan amount, these mortgages allow the
> buyer to pay just part of the interest due. The rest of the interest goes
> to increasing the total owed on the loan. When the loan has increased to
> 110% of the original loan amount, the buyer can no longer pay just a
> fraction of the interest. The payments "re-rate" to much much higher
> payments. The buyers then default.
>
> I started betting against Downey when the stock was at 18. I took my
> profit when the stock reached 15. I bet against them again, when the
> price was 13. I took my profit, when the price was 10. Now they are at
> 8.5. A major lawsuit has been filed against Downey (a few days ago)
> alledging that Downey made misrepresentations to stockholders. The
> lawsuit will be like taking blood from a turnip. Even if they win, there
> will be nothing to collect.
>
> Customer deposits at Downey are going down by about $200 million a month
> as their customers find out the bank is in trouble.
>
> Should I bet against them again?

If you do, better move fast. I know people who lost money when a stock
delisted. It sounds to me like this stock is headed that way.

How about short selling what used to be called "logistics" stocks? As their
customers consolidate operations by moving branches physically closer
together, the demand for trucking and rail will go down. It might take a
decade but the stock prices will be permanently depressed. But I don't see
the shipping companies ever going completely out of style. America's just
too big for the local farmer's market to stock everything.

The Bibble Guy
"Be a fruit and divide." - The Bibble

"Third_LOOP_Left" <Third@LOOP.Left> wrote in message
news:nbf6345tb1h1tg85f397gptp868ghe1ouj@4ax.com...
> On Tue, 20 May 2008 16:02:03 -0400, "The Bibble Guy"
> <the_Bibble_guy@befruity.com> wrote:
>
>>
>>"Third_LOOP_Left" <Third@LOOP.Left> wrote in message
>>news:u94634t7fef7odhdvkfupump0p52c39d7t@4ax.com. ..
>>> On Sun, 18 May 2008 11:07:46 -0400, "The Bibble Guy"
>>> <the_Bibble_guy@befruity.com> wrote:
>>>
>>>>Since I ain't an economist, you're gonna have to spell it out for me.
>>>>How
>>>>can money disappear? D'you maybe mean VALUE has disappeared?
>>>>
>>>
>>> Poof-money... I like that.
>>>
>>> If someone ever writes the history of our current "finacial" era, I
>>> think poof-money will be a good word for what Damo is expressing.
>>>
>>> Let's see if I can make this simple.
>>>
>>> Let's say you find a cheap house for 100k.
>>> You go to the bank and get approved for a mortgage.
>>> Guess what happens...
>>>
>>> Now, you think they will take 100k of other peoples money and loan it
>>> to you. You would be like most people. If you do, you are a rube just
>>> like them.
>>>
>>> Here's what really happens...
>>> They type 100000 into their computer and *POOF* 100k of new money
>>> just poofed into existance. Some computers talk and it goes to
>>> someother account.
>>>
>>> Then all these wizards zap the data around 10-20-100 times and each
>>> time they make a commission, and if you zap enough data you get a
>>> million dollar bonus
>>>
>>> Now what about that 100k you "borrowed" well, eventually if all goes
>>> right, you pay it back and it *poofs* out of existance again.
>>> Except now they have another 100k of interest that you gave them to
>>> zap around.
>>>
>>> Right now large (relatively) chuncks of the zap money are *poofing*
>>> out of existance in the most annoying way (to the wizards.)
>>>
>>> I suspect the amount of paper cash is relatively constant to the
>>> population. In the era which we live through it's moving from the
>>> wallets of the many to the wallets of the few.
>>>
>>> It's a sin.
>>>
>>> Brian
>>>
>>> ________________________________
>>>
>>> All I want to say to you is:
>>>
>>> de-do-do-do, de-da-da-da
>>
>>Which makes me ask what money is real and what's not. The extra 100,000
>>they
>>got from you in interest is supposed to be real money you got from your
>>boss, but she got it in the end from it being zapped into existence in
>>some
>>computer. I wrong?
>>
>>The Bibble Guy
>> "Be a fruit and divide." - The Bibble
>>
> very good.
>
> money is supposed to be what the guy with the food will take to give
> it to you.
>
> Brian
>
> ________________________________
>
> All I want to say to you is:
>
> de-do-do-do, de-da-da-da

I think right now the guys with the food are giving it to us WHEN they take
our money. Seen the price of food lately?

The Bibble Guy
"Be a fruit and divide." - The Bibble