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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (71662)2/26/2001 9:10:16 AM
From: robnhood  Read Replies (1) of 436258
 
That piece by Chip was pretty good, but I thought of a possible flaw in the thinking. He said that his father said that the Federal Reserve and the powers would never let 1929 happen again. My thinking and I'm not sure of this at all is that is exactly what has brought us to the precarious position described by the likes of Noland right now. By intervening and saving the world from S&L debacles to 1987 SM intervention to Mexican, Russian , LTCM and SEASIAn bailouts, an incredible debt pyramid has been erected in order to prevent 1929. We'll see....
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