Re: Conspiracy #645 -- or the way it is

[Ralph Shnelvar <ralphs@xxxxxxxxx>]

Dear Evan:

On Wed, 10 Nov 2004 16:21:23 -0700 (MST), you wrote:

>
>http://www.solari.com is great. -Evan
>

No it isn't.

Evan, you're a great guy and you're smart.

This kind of thing is completely worthless for a wide variety of reasons.

1) Even if 600,000 people pull all their money (let's say it's $50,000 each
on average ... a vast overestimate) that amounts to a whopping $30 billion.
Yawn.  That's 1/3 of a day's trading on the NYSE.

2) Even if the money moves, where do you think it will go?  Banks will lend
it back to the very people to whom the money was pulled out.  There will be
a tiny blip as money moves around.

3) Money moves around.  It is liquid.  It goes to the highest rate of return
_especially_ if you don't specifically control it.

4) Like "Don't buy gas this Sunday", this is a harebrained scheme to put
pressure on the markets.  It will not make news and it will have no effect
on markets or local economies other than to send dimes to the "My Dime is
Powerful" campaign.

5) The biggest effect this scheme and its promotion will have is to
disappoint the people who make the dislocation in their financial lives once
nothing happens.



If people want to have a real effect (and make money, too), invest in
"socially conscious" investment funds.  For instance, see
http://www.socialfunds.com/.  Whether you're a bleeding heart liberal or a
gun toting redneck, there's a fund for you.

Ralph Shnelvar