Replies to post #109606 on Zeev's Turnips Patch-No Politics (ZEEV)

[Captain_Jack]

mlsoft-- I sincerly agree that ducks & geese deserve the same recipe! I found everyone was happy to accept a few ducks or a goose ready to be cooked. Could only give them to everyone ONE time. Once they found out just how good they were they would accept no more,,LOL! When my best friend & 1st mate died very young a short time back, fishing & hunting went on a cold backburner. Now that the kids are gone & I have lots of time-- I've begun again. This time it will be for the relaxation, solitude, and fresh fish and venison. Besides,, I have to be ready when my twin grandsons get old enough to ride the boat. Their father will not hunt but if they wish to (& I hope they do) then that will become my job too. I guess retirement has put a whole new outlook on many things--- and I'll take care of it,,, would not want to force anyone to take this job,, I'll do it! <GG>
My neighbor is & has been a dedicated fly guy for decades,, but if my truck is being loaded for the Lake he can smell it & drops the flyrod everytime. He never ate anything he caught for decades & did not know how to clean a fish. Now it is walleye 1st & flys second. He bought a fully loaded 18' boat for the small local lakes as he just does not have the confidence to be out miles & miles,,,,,,YET. My guess is that boat will not get to be 4 years old before he gets one more fitting to Lake Erie,, but will take the flyrod when weather has the water above 3' - 4'. He will not even go with me when it gets beyond 5' - 6'-- but that is certainly understandable. I do not go then either now as in the past I had only weekends and took the water as long as it was under 8' beyond 5 miles as 4' could be found closer to shore.
I have a little sign here that says God does not count days spent fishing in mans allotted time on earth,, so fish more!
Luck -- fishing & mkts
Cap

[Benj]

Mlsoft- Ducks and geese are not for everyone but they are for me. Used to hunt with my dad as a kid. Duck is very tricky and difficutl to cook for most people and I was just trying to imagine your recipe that would work for salmon AND duck. Would you be the kind of person that would trade recipes? We've got a great one for salmon that we got from a Montanna bush pillot. Come to think of it, it may just work for duck too!

Benj

[otraque]

Two of America's Richest Assail Bush Tax Cut
Tue May 20, 5:23 PM ET
(edit-i wouldn't post this if were but about the views from two Congresspersons(thus putting it in the dust bin category of just politics. But these two fellows have a pretty good track record and an extremely high "Savvy Quotient"--godfrey)

http://story.news.yahoo.com/news?tmpl=story&u=/nm/20030520/pl_nm/economy_taxes_rich_dc_2

NEW YORK (Reuters) - You would think two of the wealthiest Americans would have no problem with a tax cut that would put thousands, if not millions, of dollars in their pockets.



But billionaire investors Warren Buffett (news - web sites) and George Soros, Nos. 2 and 24 on Forbes Magazine's list of the 400 richest Americans, both railed on Tuesday against President Bush (news - web sites)'s plan to deepen income tax cuts and eliminate taxes on corporate dividends.


Bush, who has campaigned around the country touting the plan as a way of creating jobs and boosting stock prices, is pressing for final agreement this week as Congress wrangles to fit the package into a $350 billion limit set by the Senate.


In an opinion article in the Washington Post, Buffett, the chairman of holding company Berkshire Hathaway, said he already pays about the same income tax rate as his receptionist -- about 30 percent.


But Buffett said with the planned dividend tax cut, he conceivably could pay a mere 3 percent in income taxes. Recalling President John F. Kennedy's declaration that Americans should "pay any price, bear any burden" for the country, Buffett said a 3 percent income tax rate "seems a bit light."


"Supporters of making dividends tax free like to paint critics as promoters of class warfare. The fact is, however, their proposal promotes class welfare. For my class," wrote Buffett, whose wealth is estimated at $36 billion.


Soros, renowned for both his swashbuckling speculative bets on currencies as well as his philanthropic work, dismissed the tax cuts. He said they would not revive the U.S. economy in the short-term but were only aimed at helping the rich get richer.


"This move is designed not to have much impact now. It's designed to have an impact over an extended period and it's basically using the recession to redistribute income to the wealthy," Soros said in an interview with financial news network CNBC.


"I think that is really not a very effective way of using a deficit," said Soros, whose wealth is estimated at $6 billion.

[basserdan]

*** Richard Russell on Gold ***


There's no fever like gold fever
Richard Russell
Dow Theory Letters
May 21, 2003

Extracted from the 20 May 2003 issue of Richard's Remarks

Gold -- The 200-day MA of gold stands today at 334.80. With gold in the 365 area, gold is close to 10% above its 200-day MA, gold is getting a bit "stretched" on the upside. This may mean that gold has to back off . . . consolidate . . . inhale for a while . . . Any backing-off could created a "right shoulder" for the potential "head-and-shoulders" bottom formation that I've been talking about.

If gold can remain approximately in its current area of around 365, I'd call it a very bullish performance. But gold may need a "rest."

By the same token, the June Dollar Index is selling at 93.8 today while its 200-day MA stands at 103.8. Thus the Dollar Index is stretched on the downside, and this could mean that the dollar needs a rest after its recent precipitous drop.

I want to warn subscribers or I should say direct subscribers' attention to one critical item -- our government wants you to believe that gold is just a commodity like wheat or zinc or hog bellies.

But intelligent and informed people know that gold is a currency.

They know that gold is the only currency that is not someone else's debt.

They know that gold is the only currency with a tangible value.

They know that there is no ultimate risk in holding gold which is why gold alone does not need to pay interest.

So gold is in a class by itself. There's nothing else like it. And for that reason, gold may not necessarily act like a stock or a commodity, and I'm talking about gold on a "trading basis." What I'm getting at is that probably no tradeable item on earth possesses the emotional impact of gold. Which is why we have that old adage (my subscribers from the '70s remember this),

"There's no fever like gold fever"

Gold is already up 44% from its 254 low of September 1999. But gold is now in a primary bull market, it's vastly under-owned, and it's facing freedom to buy (on June 1) on the part of a billion Chinese. Gold has a good chance of sporting a potential ETF on one of the US stock exchanges -- and this will mean that investors can buy actual gold in the same way that they buy a share of GM.

The central banks, which have around 75% of their reserves in dollars, are now losing a substantial part of their reserves as the dollar slumps. What are these poor dumb bastards to do now? They sold a big chunk of their gold reserves near the lows, and they will be too ashamed to buy any gold back. One thing they will do is halt their selling of gold. So the only thing the banks can do to protect their reserves is sell part of their dollar reserves for euros.

From the US standpoint, the great danger now is that the dollar continues to fall, and that this will force interest rates up as the market demands more return for holding dollars.

This would be all right except that the US is so debt-laden, so choked on debt that rising interest rates could trigger a panic. Speaking of debt, I just received this e-mail. NEW YORK, May 19, (Reuters) -- Credit card companies in March wrote off bad accounts at the highest rate in more than five years, a sign that consumers are under financial strain in a sluggish economy, Fitch ratings said on Monday.

Russell Comment -- Yep, all we need now is higher rates.

More follows for subscribers . . .

Richard Russell
Dow Theory Letters
© Copyright 2003 Dow Theory Letters, Inc

http://www.321gold.com/editorials/russell/russell052103.html

Best regards,
Dan