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Re: something approaching a religion
David Lloyd-Jones wrote:
>
>
> >> I have the impression that these are to be found out in the great
> >> plains and around the world -- where the coordinating work of Wall
> >> Street has done its part to make them available to us.
>
> >Or take them away, or make us unable to purchase them, depending on what
> >makes more for the stockholders.
>
> Friezel,
>
> That's just stoo-pid. A.) There is no money to be made out of holding
> stuff off the market..
Only is it is perishable.
> B.) Itis empirically the fact that more plenty
> is being generated world wide every year.
> .
.
But not necessaraly the same amount every year and usually not at the
some cost of production every year.
The largest % of the basic producers-farmers, foresters, fishermen, and
miners- have lost their buying power. For example, in 65, a top of the
line pickup cost 2000 bu. of wheat, 300 lambs, or 30 wk labor. today
it is 4000 bu. of wheat, 2 yr labor.
The DJ went from 800 in 80 to 6600 today. The price-earnings ratio is
uncalcuable on many and the dividend earnings are basicly nonexistent.
This is because short-term earnings have over ridden long-term
intelligence. How can we keep the geese laying if we eat all the eggs?
Dale Wagner
Gardiner OR
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