Discussion Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Discussion Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: c.hinton who wrote (1645)	8/12/2008 4:52:07 PM
From: c.hinton	Read Replies (2) of 3816

so you can have your opinion ..i will keep mine. if you check the problems of bank of england in the 20s you might see what i am talking about. libertyunbound.com " the Fed knew exactly what was happening during the late 1920s and, although it tried to do something about the looming crisis, it failed to stave it off. It failed, in the first place, because it was trying to help European economies — notably Great Britain's — instead of seeing to the United States' problems. By lowering interest rates here, it helped prop up Britain's attempted return to its pre-war gold standard, with the pound worth $4.87. That rate was too high, and required coordinated macro policy between the Fed and the British central bank for its survival. The Fed obliged. It shouldn't have. Using American monetary policy to help another nation pretend that it had the same status after WWI as before was not — and never could have been — a good idea, notwithstanding that it was approved of by a majority of English citizens and both the British and American governments."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next