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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: long-gone who wrote (57719)	8/30/2000 4:50:21 PM
From: Hawkmoon	Read Replies (1) of 116762

Richard... I'm pretty sure that you either have, or have had a bank loan sometime in your life... or even better you have money deposited in a financial institution. Did you ever demanded that they open their books to you and show you everything about their financial transactions? Clearly no. So if you don't like a Fed Chairman, write your congressman and Senator when he comes up for re-nomanation and demand that someone else be appointed instead. They are there to represent your best interests at the risk of their continuing in elected office. And like I said earlier, but which you apparently chose to conveniently ignore and refer to as "convoluted logic", the minute the Fed Chairman or his governors are popularly elected into office by each of us, it will be the same minute that you find fiscal abuse of powers since he will now have the same interest as every politician, namely to stay in office. Believe me, if you think about it enough, I can't help but believe that you'll agree it's for the better that we have indirect control in order to protect us from our own selfish and irrational selves. Like I said.. if AG was popularly elected, we'd all be demanding 1% interest rate and generous lending terms. Look what happened in Japan when the equivalent of that policy was followed over the past 10 years.

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