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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: orkrious who wrote (204575)11/13/2002 8:13:45 PM
From: Secret_Agent_Man  Read Replies (2) of 436258
 
Mr. Greenspan, in trying to reassure the country about the economy, stated that the overall economy is not gripped by dangerous imbalances that tended to herald recession. Greenspan is intentionally misleading the American people because the economy is suffering from massive distortions and imbalances many of which were created during his tenure and the Federal Reserve expansionism he fostered. Greenspan has to be held responsible for the stock market mania of the 90's, luring people to speculate who had no business gambling their retirement savings. With something approaching $9 trillion already lost in the stock market and American households loaded with debt, Greenspan is encouraging even more borrowing , spending and stock market speculation. Greenspan has earned the reputation as the most ruinous central banker ever. When will Americans wake up and stop being manipulated by the Federal Reserve?
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