Ron Struthers your take on Greenspan puzzles me, as everyone else on this
thread has been exposed to the same public information regarding what he
does and says, how is it that you can post such strong and unambiguous
interpertations of these events and no others see what you see ?
That which you put forth shows Greenspan's cause for his current decisions,
and that which fuels his next possible reactions for the events that the
USA and other economies may take.
My next question to you is to ask if your study of Greenspan includes the
beliefs of this person, or do you just see a person reacting to events,
and applying needed medicine or needed change of policy ?
The follow are the highlights I see in you post.
...Greenspan indicated that the biggest threat to continued prosperity
was the equity asset bubble and if it does not deflate very soon he will
start thrashing a needle at it.
...Greenspan has taken a major shift in policy and it seems hardly
anyone has caught on.
...This newsletter has talked for some time on the inflation problem being
asset inflation and Greenspan's speech is riddled with such references.
...Greenspan is trying to warn or prepare us for a stock market crash
or big down turn. If it does not happen on its own, he will cause it.
...Greenspan also says that now is a good time to have a stock market crash.
My final question is to ask you if you expected these changes in Greenspan,
as in for certain changes in the economy he will do as such, or are you just
reporting events as you currently see them, without the "why" behind them ?
<<...it is always a guessing game what the Fed is up to...>>
...for a small group of persons, its not a guessing game...
Talk : Gold/Mining : Dutch Central Bank Sale Announcement Imminent?
From: Doug A K Tuesday, May 18 1999 7:43PM ET
... this information about Greenspan's seemingly contradiction.
Those familiar with the writings of philosopher Ayn Rand will remember
about 35 years ago her strong views that a gold standard is correct.
Also, some may remember that when Greenspan was made Fed Chairman and
was at a gathering of some of the government's powerful members, that
he heard the question "..anyone here a fan of Ayn Rand.." and understood
that it was directed at him, and he looked at the person, smiled and
rised his hand to signal a yes responce.
In my opinion I would suggest that eventho Mr. Greenspan did not
understand Mrs. Rand's errors in the field of psychology, he has
interacted contrary to her believes without understanding why.
To rewrite the above paragraph, I would like to suggest that Mr. Greenspan
is very much aware that his views of the gold standard to back up a countries
money is still that he had in the past, but after becoming the Fed top person,
he acted in a way counter to his Ayn Rand beliefs, and simply saw a bad
situation that he could not control but a peice, and then proceeded to make
the best of a bad situation thru compromise and working with the other folks
in the world community that decide money matters.
I would now like to suggest that Mr. Greenspan is very much aware of what
is happening currently, and to suggest that he is very much closer to the
beliefs of GATA than what appears thru his actions.
If any "bubble" does burst, causing chaos, for example the USA stock market
looses big time, that I predict that his actions will change for the better,
as seened by the GATA movement.
Doug
From: william e. magner Tuesday, May 18 1999 11:38AM ET
... long ago AG criticized the Federal Reserve for their role in
creating the 1920's stock market bubble.
fame.org Mike |
