Catch what is being said here Jim by me and then LOOK FOR YOURSELF! When you do look and see, what you see will shake the foundation of what you "had" believed was going on right before you most of your life.
The truth may set you free if those shackles are not already to tight and your response conditioning is not already to well planted.
I can't wait until you discover the scope of the money involved, controlled and owned by our own local and federal governments!
Yours Truly,
Walter Burien (AKA: Bubien)
http://CAFR1.com
Prior CTA (Commodity Trading Advisor) 1979-1992
Incorporator: Hands Across New Jersey - 1990
National Sales Manager: US Trading Championship, US Investing Championship, and Money Managers Verified Ratings 1980-1992
FROM - Jim Pivonka:
Walter is correct in noting that I have no direct knowledge of the current status of the funds he describes. I am surprised at the extent to which he indicated these funds have grown in size, and the extent to which local government bonds for capital investments can be funded by them, without recourse to direct bond markets.
If this is so, and I cannot dispute it, he is correct in saying that I (indeed any of us with any interest in how money flows in our economy) need to take a close look at it.
He is also correct in his presumption that having a direct financial interest of this magnitude in any form of investment will condition the decisions of those managing the investment fund - government official, private indivisual, or corporate officer, it makes no difference.
So the extent to which the public fund managers responsible for these investments have placed them in foreign assets, such as the bonds of foreign companies and governments will affect their judgements about the desirability of decisions by our government which may affect the investment.
Unfortunately, I believe that a reduction in the relative value of the dollar, which would be helpful to our exports and our employment picture, is seen as disadvantaging those in the US who hold foreign debt - which may cause them to join Greenspan and the Fed in attempting to maintain the artificially high valuation of the dollar.
But those relationships are complex. People holding foreign currencies would see the purchasing power of the dollars those currencies convert to increase, should the dollar fall in value. And the dollar cost of oversease vacations would increase as well. Where do the fund managers stand on this, and what influence do they actually have on our economic policies? I don't know.
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