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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: xr1 who wrote (40397)8/19/2001 10:34:11 AM
From: Jim Willie CB   of 65232
 
public opinion has momentum of its own
Greenspasm's reputation and legacy are being assaulted
OReilly Factor, Brinker Radio, even Geraldo Rivera attack him
it is very difficult to look at his recent policy and conclude ANYTHING BUT a leading role in bubble growth and bubble pop

the most damning evidence lies in money supply growth
*** not interest rates ***
he raised rates from mid-99 to mid-2k
so he "looks" like the protector of Free Enterprise System
but he loosened money supply spigot behind scenes MASSIVELY

the ugly little secret is that lower rates now have little consequence of a desired rise in capital equipment
demand

BUT THE RAPIDLY RISING MONEY FLOW, IF IT CONTINUES, WILL CREATE A NEW AND DIFFERENT PROBLEM WITHIN SEVERAL MONTHS
... one of inflation amidst a weakening USdollar

he painted himself into a corner with stock declines, economic slowdown WITH A STRONG USDOLLAR
that is unprecedented
GreenSnot is like a mad scientist tinkering out of control
the public is slowly realizing this
he created a bubble out of his own ignorance of Y2K and fear of snafus
I dont trust his perceptions or his judgment
his recent acceptance of technology-based productivity makes me suspicious that tech gains are fleeting, not permanent
it could almost all be attributable to Y2K demand and implementation

now he has exacerbated the recession
while gradually building a small INFLATION VOLCANO from uncontrolled liquidity
the political pressure to inject more volcano fuel is unrelenting
because he is seen as the saviour and controller

first signs will be in gold and precious metals
second signs will be in stock prices
watch for a redux of 1992-93
I expect gold to begin rising by autumn, now moribund

I was there back then, learning and fiddling while playing with myself
fresh out of work from Digital days and severance payoff
gold stocks doubled and tripled quietly in '93
major stock indexes shot up temporarily in late '93 and early '94

THEN GREENDORK RAISED INTEREST RATES FROM 3% TO 7%
smallcap stocks tanked 50%
largecap stocks dropped 10-20%
everything treaded afterwards for months
INTC and MSFT were the main safe havens within tech
then a new expansion cycle opened up for 6 years

THIS GUY IS THE BIGGEST MONETARY MORON I HAVE EVER WATCHED
A TOTAL CONTROL ADDICT
AN ELOQUENT ARROGANT INTELLECTUAL EFFING IDIOT
he has contempt for Congress and the people

HE IS IMPEACHABLE FOR CONFLICT OF INTEREST
he held bonds thru the entire stock rise
his investments finally paid off with the recession !!!

/ JW
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