Discuss Year 2000 Issues Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Discuss Year 2000 Issues

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Eddy who wrote (8655)	9/17/1999 11:32:00 AM
From: Hawkmoon	Read Replies (1) of 9818

Actually David... I was under the belief that the "hard money" policies of the Federal Reserve, in response to the '29 crash, created such a credit crunch that smaller banks no longer had the liquidity available to take on risk and underwrite loans. The resulting economic contraction lead to a belief that depositor money was no longer safe and gold started to be hoarded which eventually forced the Congress to confiscate the metal in anticipation of devaluing the US dollar by 60% in order to force savers to become investors and consumers once again. Kinda like what is currently happening in Japan. They call it a liquidity trap. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next