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B4 the Bell, Turdsday Sept. 23, 2004


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#16

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Posted 23 September 2004 - 08:42 AM

Butters will be back in due time...Doc will get to the bottom of this...no worries. We are all aware of this issue now so if it happens again, all of us know to simply take their private message and make it public right here on the board for all to view.

#17 machinehead

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Posted 23 September 2004 - 08:55 AM

Bought 2 Dec. silver at 6.435, adding to existing position.

Metals rule ...
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#18 rog

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Posted 23 September 2004 - 08:59 AM

CMRC (commerce one) to declare bankruptcy. They are not sure which path, Chapter 11 (reorganization) or Chapter 7 (liquidation), at this point.

This one has a special place in my heart. During a meeting with sr mgmt at the height of the bubble I kept asking to see a demo of their product. No one in the company could show me any working piece of software that did 1/10th of what they claimed. ITWO & others same story.

It was an excellent idea that could have flourished with a minmal amount of honest effort. Instead the whole electronic procurement craze was nothing but hype. A real productivity opportunity that extended to the entire US economy sacrificed by wall street to jam a handful of stocks for a year.

#19 stl_sftnr

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Posted 23 September 2004 - 09:01 AM

Military supremacy comes with a price, however, and US military doctrines for success require, fundamentally, huge quantities of oil to fuel the military machine and thus allow the US to remain a superpower. Control or security of low-cost oil reserves from the Middle East is therefore vital to US interests if it is to maintain its eminent hegemonic position in the world. It is for this reason the US takes an active interest in the politics of the Middle East region

http://www.atimes.co...e/FI23Aa01.html

Plunger,

Will this all be an exercise in futility at the end? As oil supplies dwindle, the people who got shut out (that is most of the population of the world, China, India, most of Asia and Middle East) are going to fight tooth and nail to get their share of oil. The oil cartel may end up burning more gallons of oil fighting these wars than selling it. And it may not be even a classical war. These countries (people) might fight a guerrilla war by hitting the oil installations and pipelines.

I think this plan may not work in the long run unless you can invade every country and install puppet regimes who in turn will keep their people in check.

#20 Lock Limit Down

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Posted 23 September 2004 - 09:02 AM

Bought 2 Dec. silver at 6.435, adding to existing position.

Metals rule ...

Good move MH :D
I hope you TAKE DELIVERY!
The metals are looking better by the minute.
Bond action again absoloutly amazin!
10s 3.965% WOW Should help our cause.
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#21 Lock Limit Down

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Posted 23 September 2004 - 09:04 AM

Gold launching
Silver will follow
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#22 The brown one

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Posted 23 September 2004 - 09:05 AM

Don't know if giving a name to the person who sent me an abusive mail after a post on Polite Stool about a month ago helps--that was catangerine or cattangerine at yahoo if I'm not mistaken.

#23

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Posted 23 September 2004 - 09:08 AM

Military supremacy comes with a price, however, and US military doctrines for success require, fundamentally, huge quantities of oil to fuel the military machine and thus allow the US to remain a superpower. Control or security of low-cost oil reserves from the Middle East is therefore vital to US interests if it is to maintain its eminent hegemonic position in the world. It is for this reason the US takes an active interest in the politics of the Middle East region

http://www.atimes.co...e/FI23Aa01.html

Plunger,

Will this all be an exercise in futility at the end? As oil supplies dwindle, the people who got shut out (that is most of the population of the world, China, India, most of Asia and Middle East) are going to fight tooth and nail to get their share of oil. The oil cartel may end up burning more gallons of oil fighting these wars than selling it. And it may not be even a classical war. These countries (people) might fight a guerrilla war by hitting the oil installations and pipelines.

I think this plan may not work in the long run unless you can invade every country and install puppet regimes who in turn will keep their people in check.

You just described a scenario that pushes the price of oil ever higher and the equities of defense contractors ever higher. THEY profit.

Every oil company is keen to see higher oil prices and every defense contractor is keen to see a never ending war over oil.

#24 Lock Limit Down

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Posted 23 September 2004 - 09:12 AM

Us dollar 88.30
loonie 78.03!!!!!!!!!!!!!!!!!! LOA
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#25 Guest_yobob1_*

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Posted 23 September 2004 - 09:12 AM

Bought 2 Dec. silver at 6.435, adding to existing position.

Metals rule ...

Good move MH :D
I hope you TAKE DELIVERY!
The metals are looking better by the minute.
Bond action again absoloutly amazin!
10s 3.965% WOW Should help our cause.

He would take delivery but unfortunately he's used all available storage for cotton, coffee, palladium and oil. :lol:

#26 NWD

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Posted 23 September 2004 - 09:13 AM

Got a hurricane coming at me again.

Doc, if I were you, I'd give serious thought to the advantages of moving to, say, North Dakota, or Iowa, some place like that.

#27 DrStool

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Posted 23 September 2004 - 09:13 AM

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#28 brian4

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Posted 23 September 2004 - 09:17 AM

Good Morning Crew- Day 2 of the turn..we need to break 1109 on a close and I think we will. Window at the Bell opens for 55 minutes, Helmets on, Buckle up! ;)

#29 Lock Limit Down

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Posted 23 September 2004 - 09:19 AM

Avalanche approaching...
Sorry no link


UAL pension termination could set off Chapter 11 avalanche
Dateline: Thursday September 23, 2004

Should United Airlines decide to terminate its employee pension plans as part of its Chapter 11 bankruptcy filing, as is considered likely, "competitive dynamics will force other carriers to follow suit, potentially requiring bankruptcy in some cases," reasons Citigroup Smith Barney anal cyst Daniel McKenzie.

"We think the domino effect is real," McKenzie stated in a report released yesterday. "This would be especially true in our view should the second and third largest carriers in the industry, UAL and Delta, and also US Airways, successfully terminate their defined benefit obligations." Funds released could be used to pay down debt, strengthen the balance sheet or buy market share from airlines whose cash is tied up in making pension payments, he noted.
Carriers have limited flexibility to terminate defined benefit pension programs outside of Chapter 11 and still are required to pay in full any amount of underfunding. However, once in bankruptcy they can resort to a distressed termination, as US Airways did last year in the case of its pilots' plan.

According to a study by the US General Accountability Office released in Aug., "current estimates indicate that [the six] legacy airlines' defined benefit pension plans are underfunded by approximately $20.5 billion." Speaking in New York earlier this week, former American Airlines Chairman and CEO Robert Crandall declared that "pension plan underfunding…is an insuperable burden, which the legacy carriers must inevitably repudiate."

As part of an agreement to bring back retired pilots next month in the event of pilot shortages caused by a new round of early retirements, Delta has agreed not to terminate its pilot pension program prior to Feb. 1, 2005, even if it seeks bankruptcy protection (ATWOnline, Sept. 22).--Perry Flint
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#30

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Posted 23 September 2004 - 09:26 AM

I wonder which fuel providers are the airline's largest creditors? Any ideas?





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