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[bob ford <bobford79 AT yahoo.com>]

Don, I forgot where I read this a.m., but an article mentioned that there is 
already a behind the scenes run on the bank, by many of the hedge fund 
managers & other big money people.  Part of the reason has to do with what 
you are saying about hedge fund withdrawl notifications.

Also., short selling begins again the first of the week.  There are so many 
smart people saying so many different things, it is hard to know what to 
believe.

I believe that deflation of assets followed by inflation of currency are 
inevitable, but I don't really know what to do in my own life, except to have 
some cash and tangibles (food, ammunition, etc.) ...bobford


--- On Mon, 9/29/08, Don Bowen <don.bowen AT earthlink.net> wrote:

> From: Don Bowen <don.bowen AT earthlink.net>
> Subject: RE: [Homestead] Inflation --commentary
> To: bobford79 AT yahoo.com, homestead AT lists.ibiblio.org
> Date: Monday, September 29, 2008, 8:45 AM
> > His math was wrong, but this is going to cost a lot
> more
> > than 700 BN before it is over.
> 
> Bernanke said when asked a couple of weeks ago that he felt
> the immediate
> cost would be $800B with another $400B needed soon.  The
> Treasury when asked
> about the $700B figure said they just picked a big number. 
> So the real
> answer is "Who knows?"
> 
> >    Every union, every industry, every special interest
> is going to say
> > "you gave to wall street, now I want mine"  
> 
> The Hedge funds are already standing in line.  Year end
> withdrawal
> notifications will be starting on Wednesday.  There is a
> fear of a run so
> the Hedge Funds are trying to get in on the bailout and not
> get hind teat.
> 
> There is already a bill to give the automakers federal
> funds in the form of
> money to design a more fuel efficient cat, something they
> are already doing
> in the face of increasing fuel prices.
> 
> Don Bowen  KI6DIU
> http://www.braingarage.com/Dons/Travels/journal/Journal.html