[Arktwo] Money wins the day

[Bruce Beach]

Wow!
The Dow jumped up over $400 today.
The dollar is shooting back up also.

So, Beach -
just admit you are a pessimist.
Wrong, wrong, wrong as usual.

Well, no.
The world is illusionary -
and in this case I think delusionary.
Everyone else is wrong
(anyway those buying the stocks)
and I am right.

Now there -
that can only be a statement
by a sick mind.
One that just can't see reality.
Contribute it to age.

When I first got an automobile -
I was worried about filling the gas tank.
Watched gas prices.
A dime was hard to come by in those days.
One day I said to the attendant -
"Well, today is the last day
that we will see gas under a dime."
He looked at this big eared kid
like he was nuts -
not yet dry behind the ears.

If I could have told him -
that I would live to see
gas over $4 a gallon -
he would have known I was nuts.
Of course -
I didn't know that then either.

Nevertheless,
you have to been around
for a long time -
to have seen gas under a dime
in these parts.
(It is still under a dime
in some parts of the world -
and it is waaay over $4
in other parts.)

None of us are able to truly understand reality -
but having been around long enough
to have seen dime gas -
I have seen a lot of it.
I have learned that I am a lot better
at being able to tell what is not real
than being able to tell what is real.

The Dow is not real.
The dollar is not real.
And I suspect that the reported sale
of Bear Stearns
is not real.
There are little matters involved -
like stockholder approval,
and the lawyers haven't yet begun.
But whatever.

Years ago when I first heard about
the PPT (Plunge Protection Team)
I thought -
"Oh' no - that can't be for real."
"That is just conspiracy theory."
The free enterprise competitive market system -
can't be controlled like that -
especially at its pinnacle.

But - now we know -
or everyone should know -
that the Dow is completely controlled.
At least they try to.
Events - reality - may eventually -
will eventually -
over-ride them.

Same with the dollar.
I love fiat currencies.
They are the best that there are.
I won't begin to try to explain why
to all you gold bugs out there.

William Jennings Bryan said it best -
"Crucify me not on a cross of gold!"
Great line -
but wrong sentiment.
He was actually a bimetallist -
who wanted free-coinage of silver.
Just as bad.
Same song.
Different tune.

But like I said -
I am not going to go there.
People who believe in gold -
are like people who believe -
Jesus is going to come down on a cloud.
You can't convince them differently -
and saying anything differently
just causes them to leave this newsletter
as thousands have already.

About the only thing that
can knock them off quicker
is when they find out that
I am an advocate of a New World Order.

	http://tinyurl.com/bxrd8

Not that gold isn't good.
But -
Jesus is better.
Yep,
one needs Jesus -
and gold.

Just don't need to be looking in the clouds -
for Jesus to come to the rescue of humanity -
nor to gold either.

Gotta love that price for oil.
Especially if you are an oilman -
like Bush -
and most of his cohorts.

Every jump up in price
makes bundles -
and we are talking about billions -
for the oil companies.
All that oil they have stockpiled -
is suddenly worth a lot more.

So they raise gas prices -
based on what oil now costs -
and not on what they paid for it.
As Joel Grey would say -
"Money, money, money."

Doesn't hurt truckers that much either -
especially if you have a contract -
that includes fuel surcharge.
A little tough on you -
if you don't.

But -
the state/provincial and federal governments love it.
They charge taxes as a percentage
of the price of gasoline.
The more gas goes up -
the more they collect.
Go gas go.

It would be disastrous for them
if gas went back
to a dime a gallon.

I am just lucky
that they still let me run around loose -
when I see the world so differently
from most people.

Once in a while -
I do hear of someone
with an idea similar to one
that I may have.
One of my readers sent this quote and source yesterday,
of a statement by Paul Craig.

	http://tinyurl.com/25fusv

"The resignation of Admiral William Fallon as US military commander in the
Middle East probably signals a Bush Regime attack on Iran. Fallon said that
there would be no US attack on Iran on his watch. As there was no reason for
Fallon to resign, it is not farfetched to conclude that Bush has removed an
obstacle to war with Iran."

Paul Craig Roberts
(Assistant Secretary of the Treasury in the Reagan administration.

Associate Editor of the Wall Street Journal editorial page

Contributing Editor of National Review.)

Most people wouldn't call him -
a crazy old coot.

Hmmm -
well -
he is old.
And a gold bug.

Money, money, money.
Saw a list of people the other day -
worrying about getting theirs
out of the bank.
Well - there is one worry I don't have.

Not worrying some other people either, now.
They used to think they had a lot more there.
One local fellow saying that
he has lost a million
on the stock market.
Kept hanging in -
waiting for the stocks to come back up.
Market did - his didn't.

Bear Stearns investors
may find it a bit disconcerting.
Stock was selling at $150 per share,
but then went to $2.
Suppose that you took and plumped down $1500
to buy ten shares.
Then today you get a letter saying -
"Thank you very much -
here is $20 total for your ten shares."

Oh, well.
Easy come.
Easy go.
Like Joe Lewis.
I am not talking about the Brown Bomber, (Joe Louis),
although this present Joe
also got bombed.
He had a billion dollars in BS -
(I am sure he thinks those to be -
appropriate initials).
We'll still hear from his lawyers.

	http://tinyurl.com/2dpfss

When Forbes publishes its new billionaire list next year
(if we get that far)
there may be some names missing from this year -
or at least the list will be rearranged.

One fellow I read about -
had a billion and a half
invested in BS.
Now suddenly he only has
13 million dollars.

As I go to cash my $400 SS check,
I will cry for him -
all the way to the bank.
But - I am sure that it stresses him.

One third of the stock of BS -
was owned by BS employees.
They lived in fancy big apartments -
and big condominiums -
drove fancy big cars -
belonged to fancy big clubs -
took fancy big vacations -
and lived a fancy big lifestyle.
With all that -
they mostly also had a fancy big debt.

It is probably stressing them also -
when they go home this week -
and say -
"Well, dear, it is all gone.
I wonder if I can get a job
down at McDonald's flipping hamburgers."

Nope -
that latter reality hasn't set in yet.
But there are about 20,000 (at least)
that will get laid off -
on both sides of the fence -
as a result of that merger / buyout.

BS was not the only one
to take that kind of hit this week.
Financial market listings show others -
with 80 percent, 70 percent, 60 percent losses
on their stock in just one week.
Not all of them are in the US.
Germany, Italy, and elsewhere
are hearing the same song.

But the Dow is up today.
Life is good.
None of this bothers those
with real wealth.

Now - I have a problem.
I want to talk about real wealth -
being spiritual.
But today,
- I will keep talking about money.

Even in this world -
those with gigantic wealth
are beyond money.
People like Buffet and Gates -
whom most people consider
to be the wealthiest persons
in the world -
are pikers.

Their money can disappear
just like that of Joe Lewis.
They and all those Arabs
who build their fancy gold castles,
with their fleets of fancy automobiles,
are what we call the nouveau riche.

Real money, old money,
makes sure that its name isn't known.
Oh, we still know the names
of some of them -
like the Rothschilds -
but they try to keep their names out of the news.

Many of these people never touch money.
They fly from winter estate
to summer estate
on company airplanes -
stay at company resorts -
eat in company restaurants -
move about in company chauffeured limousines.

Their suites in the hotels are permanent.
Their names are never on the registers.
They are never asked to sign so much as a chit
in the restaurants.

If they should go out
into the rest of the world -
they go incognito.
No mention or evidence of such wealth
is ever shown.

I used to be fascinated about such people -
and studied them,
in my early economic days.

You too can look up -
America’s Sixty Families
Lundberg, Ferdinand. 1937.

The Rich and the Super-Rich.
Lundberg, F., 1969

The Founding Fortunes:
A New Anatomy of the Super-Rich Families in America.
by Michael Patrick Allen

But the real wealth isn't just in America.
These people are beyond national boundaries.
Bilderbergers and such -
are wanabees.

These people are even beyond money.
They control the central banks
of the world -
including the US Federal Reserve.

Money up.
Money down.
Means little to them.
Peace -
war -
it is all the same.
Their fortunes increase all the same.

Their fortunes are so immense -
and secure -
that to talk about their view
of the world -
is non-meaningful to the rest of us.

But these mountains too -
shall pass away.
What more can I say.
In fact -
there is much more
I would like to say.
But -
perhaps another day.

Peace and love,
Bruce
DawnSayer@webpal.org