"What stands out in my mind was his 180 degree turn after his "irrational exuberance" speech in 1996. Up until the Mexican crisis in 1994-95, Mr. Greenspan had done a remarkably good job in reducing the growth in the U.S. money supply to levels consistent with the long term growth of real and honest money, namely gold. Indeed his tight money policy at the turn of the decade cost George Bush senior the election in 1992 which paved the way for a more interventionist Administration in Washington. Greenspan's reduction of the money supply was consistent with his views about fiat money and how it is used to enhance the dictatorial powers of the state and undermine a sound economy. But his excuse for not being true to his beliefs has always been that his views were in the minority at the Fed."
Monday August 19, 2002
Fed adds $3.25 bln in reserves via three-day repos
10:05 am - Reuters Market News
Tuesday August 20, 2002
Fed's coupon pass adds $648 mln in reserves
11:06 am - Reuters Market News
Wednesday August 21, 2002
Fed says adds reserves via overnight repos
9:41 am - Reuters Market News
Thursday August 22, 2002
U.S. M-2 money supply up $4.6 bln Aug 12 week
4:29 pm - Reuters Market News
Fed adds $4 bln in reserves via overnight repos
10:53 am - Reuters Market News
Friday August 23, 2002
Fed adds $847 mln in permanent bank reserves
11:09 am - Reuters Market News
Tuesday August 27, 2002
Fed overnight repos added $2.25 bln in reserves
10:05 am - Reuters Market News
Wednesday August 28, 2002
Fed adds $4 bln in reserves via overnight repos
10:16 am - Reuters Market News
Thursday August 29, 2002
U.S. M-2 money supply up $14.4 bln Aug 19 week
4:30 pm - Reuters Market News
Fed adds reserves by 7-day, overnight repos
10:18 am - Reuters Market News
Friday August 30, 2002
Fed adds reserves via 4-day system repos
10:00 am - Reuters Market News
Tuesday September 3, 2002
Fed adding bank reserves by overnight fixed repos
9:40 am - Reuters Market News
Wednesday September 4, 2002
Fed added $7.0 billion reserves by overnight repos
10:07 am - Reuters Market News
Thursday September 5, 2002
U.S. M-2 money supply up $10.7 bln Aug 26 week
4:54 pm - Reuters Market News
Fed says adds $8.5 bln by overnight fixed repos
10:05 am - Reuters Market News
Friday September 6, 2002
Fed adds $3.0 bln in reserves via weekend repos
10:28 am - Reuters Market News
Monday September 9, 2002
Fed says overnight system repos added $4.5 billion
10:30 am - Reuters Market News
Tuesday September 10, 2002
Fed adds $6.0 bln in reserves via two-day repos
10:23 am - Reuters Market News
Thursday September 12, 2002
U.S. M-2 money supply up $1.6 bln Sept 2 week
4:32 pm - Reuters Market News
Fed says overnight system repos added $4.25 bln
10:13 am - Reuters Market News
Friday September 13, 2002
Fed says adds temporary reserves via 6-day repos
9:43 am - Reuters Market News
I THINK I SEE A PATTERN HERE.
I remain,
SOROS
p.s. wouldn't it be nice if when we ran short on money we could just print more? or, like Congress, when we screwed up, we could just pass a new law, raise a ceiling, etc.?
rense.com |
