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Jere Lull wrote in news:2008092719152975249-
jerelull@maccom: That portion of the mutual fund would become worthless, but a broadly-based mutual fund will track what its based upon. I'm tending towards index funds that "blindly" invest in every company in, for instance, the Fortune 500. THAT could become worthless only if ALL those companies went out of business. If that happens, we will have worse things to worry about. I don't think that's true. When you hand over CASH to a MONEY CHANGER, that money changer can simply make that money vanish at the stroke of the pen just like old Scrooge did for Charlie Dickens. Noone will be at the empty office with the empty safe to cash out those paper forms sold to you as an "investment". The government won't be there to bail you out like the billionaire bankers, either. Even if it's in an FDIC bank account, money will simply vanish. FDIC has $50B to hand out in the crash. They'll need $50T, not $50B, so once they hand out the available cash to the politicians' friends, you'll be simply left out and told tough luch. NEVER trust anyone else to hold your CASH....That's the scam. Of course, we've been shrinking the value of the CASH since 1913 when the government handed over their responsibilities to the American People to the banking *******s like Morgan, Chase, Rockefellers, Rothchilds, etc. They depend on your cash asset SHRINKING if you refuse to let them "invest" it for you, sucking off your wealth for themselves. What happened in the last few weeks is UNCONTROLLABLE REVALUATION....The ever increasing price of gold DROPPED, the money in your fruit jars GREW in value by nearly 25%! Prices even on oil started to DROP as the REVALUATION they couldn't seem to stop continued. STOCK prices dropped because the market MUST maintain par value during inflation and deflation. This HAD to become a crises because the dollars they were loaning out at 5% interest INCREASED in value MORE than the interest you were paying on it! Bankers were aghast! This hadn't happend on this scale for decades! Eisenhower was president! Bread at A&P sold for 24c/16 oz loaf! So, we dreamed up this bailout scam to protect those that caused it.....screwing those who would benefit most from gross deflation...the American taxpayers. Don't forget deflation HURTS GOVERNMENT BUREAUCRATS, TOO! If the dollar gets more valuable, prices all drop, 8% sales tax drops with it, wages must fall causing TAX REVENUES TO FALL dropping the tax burden on GDP that's killing us. Why....how awful! We may have to cancel some pork or....(gasp).....NASA! Well, I'm waiting for the crash. I might even buy one of those new $1695 Volkswagen Beetles, again. That's what I paid for the last one in the 60's.....(c; |
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