The Federal Reserve, SEC and Department of Justice are now faced with a moment of historical significance. Either they move to aggressively disclose this situation and thereby restore integrity to the financial markets or they sadly sow the seeds for an outright economic collapse as integrity in our markets is destroyed as capital is further drawn into Microsoft's pyramid scheme.
Any public pension manager with the courage to remove Microsoft from their indexed portfolios and publicize the removal could greatly support this effort. Now might also be a good time for the Pentagon along with the education community to realize that they will both be the big losers due to one pyramid impact, the defunding of government services.
Last Spring I forecast that "false inflation" of approximately 8 percent would appear in October followed by double digit inflation by April of 2000. A second projection was the devaluation of the dollar in relation to the yen as foreigners opt to avoid exposure to this massive corruption. Also explained in my pyramid theory, first legitimized by the Independent newspaper last October, was that failing to disclose this situation coupled with rising interest rates would indeed fuel the pyramid. This explains why 5 companies, Microsoft by far the largest, now account for 77 percent of the S&P 500 gain year to date, as reported by USA Today last Friday.
I do remain hopeful that the overall economy will prosper if we can restore integrity and successfully deflate Microsoft's stock by 50-80 percent. Somehow we have all been deluded into thinking that what is good for Microsoft is good for the country. The truth is that with more than 50 percent of the stock still held by Microsoft's employees and management, the company could be liquidated and not disrupt the economy. In fact, that might act as a stimulus as prosperity is more broadly dispersed, both here in the US and abroad.
Please listen to the interview by Jeff Rense. It was live, unrehearsed and "straight up."
I am available for media appearances, conferences or forums to help explain this issue and a variety of others relevant to the investment management. Please do also visit my web site at www.billparish.com
Mr. Parish is a Registered Investment Advisor and former CPA providing fee based investment management services in addition to assisting companies structure their 401k plans to meet their fiduciary obligations and provide top quality well diversified investment choices at the lowest cost. Please consider hiring Bill to be a permanent member of your 401K committee and thereby utilize the services of a top investment professional in order to clearly communicate your commitment to managing your employeesÂ’ 401K plan or what I now call their "Mutual Savings Bank."
Contact: Bill Parish
Parish & Company
10260 SW Greenburg Rd., Suite 400
Portland, Oregon 97223
Telephone: 503-643-6999
Web Site: www.billparish.com
Email: bill@billparish.com