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

[Ralph Shnelvar <ralphs@xxxxxxxxx>]

Dear Donna:

On Thu, 11 Nov 2004 09:57:18 -0700, you wrote:

>I agree with you, Ralph.

Thank you, Donna.  You show grat insight and are probably in the top .003%
of IQs in the world.  :-)

How's that for patting myself on the back?  :-)

>Most people in Colorado don't have their money in 
>CitiBank or JP Morgan, primarily because the money center banks don't have 
>offices in Colorado and they want the large depositors, i.e., major 
>companies, who will also borrow through them.  I was a Vice President at JP 
>Morgan (before it merged with Chase Manhattan) for 11 1/2 years prior to 
>moving to Colorado, and they're not interested in people who want free 
>checking or must maintain $400 to get free checking.  They want the LARGE 
>depositors; think $100K as an average balance.

I tried to find what the average size of a savings account or personal
checking account is.  I made a wild overestimation that it was $50,000 but
my best guess is around $2,000 for an average balance in a personal checking
account and about $5,000 in a savings account.

Anyone know what the real numbers are?

>
>Donna

Ralph

>
>Donna Plutschuck
>donna@xxxxxxxxxxxx
>Corporate Office Images, Ltd.
>355 S. Teller Street, Suite 200
>Lakewood, CO 80226
>303.235.0989   fax 303.235.0124
>
>----- Original Message ----- 
>From: "Ralph Shnelvar" <ralphs@xxxxxxxxx>
>To: "Evan Daniel Ravitz" <evan@xxxxxxxx>
>Cc: "Nan Schweiger" <neschweiger@xxxxxxxxxxxxx>; "Some Guy" 
><someguy@xxxxxxxxxxxxx>; <TresCeeA@xxxxxxx>; <toso@xxxxxxxxxxxxxxxxxxxxxxx>; 
><taichiproj@xxxxxxxxxxxxx>; <SDeLeo@xxxxxxxxxxxxxxxxxxxxxxxxx>; 
><pklammer@xxxxxxx>; <myriah@xxxxxxxxx>; <mlambie@xxxxxxxxxxx>; 
><Margitjo@xxxxxxx>; <laurieannb@xxxxxxx>; <jpezzillo@xxxxxxxxx>; 
><cvv-discuss@xxxxxxxxxxxxxxxxx>; <mcgrath_mcnally@xxxxxxx>; 
><s.sadler@xxxxxxx>; <donna@xxxxxxxxxxxx>; <peter.raich@xxxxxxxx>; 
><carolyn@xxxxxxxxx>
>Sent: Wednesday, November 10, 2004 5:38 PM
>Subject: Re: Conspiracy #645 -- or the way it is
>
>
>> 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
>> 
>
>