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To: Ahda who wrote (37689)	7/24/1999 2:01:00 AM
From: tshane	Read Replies (1) \| Respond to of 116764

"It [gold standard] was an Achilles heel. It curtailed growth and created to a certain degree the depression of 29. " Darlene, isn't it interesting that an "it" which is only a thing and can't make decisions is blamed ("to a certain degree") for the Depression of '29. As the Fed accepted gold for payment under the gold standard it (this "it" does make decisions and decide policy) didn't replace the gold with money in circulation, thereby contracting the money supply needed to combat recession. Now is that the fault of the "Gold Standard" or the mishandling of the gold standard by the gods running the Fed. This absurd mantra "the gold standard helped cause the Depression of '29" is repeated over and over and suits the propaganda purposes of a Fed who doesn't want to accept responsibility for its mistakes and the fiat money people who want to take the control of money out of your hands and put it entirely under theirs and their printing presses. When the inevitable disruption of our current monetary system comes in the near future, do you think the Fed policy makers will go on CNBC and confess how their ignorance and mishandling of monetary policy led to out-of-control inflation? I don't think so. They will blame it on another country's mishandling of their economy or on the "gold bugs" or (you fill in the blank) For now their propaganda is working pretty well isn't it? best wishes, RAJ

To: Ahda who wrote (37689)	7/24/1999 4:01:00 AM
From: d:oug	Respond to of 116764

Darleen, hope its ok if I stand behind Richard Jurgensen and say "me too". Richard's reply to "It [gold standard] was an Achilles heel..." of <<mishandling of the gold standard by the ... Fed.>> A question that you can easily answer, since the answer is you, is who said the following ? "I think it is important there is balance you can't have balance unless you have two sides to weight with. It stops extremes." Seems to me that if the gold link to paper currency is lost, than there will be nothing as in 'other side = other opinion', to regulate the printing presses, and the monetary vehicle the Fed creates might end up on a hill with no brakes, or maybe the gas pedal might be stuck in the wrong position. But time mayBa changing faster than we know, as .... ... stepping up our effort to advise Congress of the gold market manipulation and have more Congressional "ears"... ... no political axe to grind, ... shifting strategy to become involved in the political arena to a much greater degree and it began with the doc/letter to Senator Gramm, Chairman of the Senate Banking Committee ... ... responses about what we revealed in that letter have triggered revelations that are politically "explosive". We have gone to Congress again and disclosed what we know to them ... do not ask about the nature of what we know because the next time we hope that you will hear about this will be from someone in "Congress" itself. doug