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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (45627)	12/6/1999 10:18:00 PM
From: d:oug	Respond to of 116927

Alex, I agree with the focus: Federal Reserve Chairman Alan Greenspan. But I disagree with the general tone of analysis presented in the article. As for what will Greenspan do, I say he will do what is correct for the economy based on his past views of gold and paper money as far as he is able to within the framework of what is happening outside his control. Greenspan will act counter to his beliefs if doing so will trigger events that will cause damage thru the creation of incorrectness by others he has no control over. But here is where I think 2 points can have the most impact. 1. Greenspan will not factor in his "place in history." 2. Greenspan may "force" an issue if he sees no movement. As for above number 2, I can speak no more and will let my prior posts copied below to fill in a couple blanks. Talk : Gold/Mining : Gold Price Monitor From: Doug A K Thursday, Jul 8 1999 8:36PM ET My final question is to ask you if you expected these changes in Greenspan, as in for certain changes in the economy he will do as such, or are you just reporting events as you currently see them, without the "why" behind them ? <<...it is always a guessing game what the Fed is up to...>> ...for a small group of persons, its not a guessing game... Talk : Gold/Mining : Dutch Central Bank Sale Announcement Imminent? From: Doug A K Tuesday, May 18 1999 7:43PM ET ... this information about Greenspan's seemingly contradiction. Those familiar with the writings of philosopher Ayn Rand will remember about 35 years ago her strong views that a gold standard is correct. Also, some may remember that when Greenspan was made Fed Chairman and was at a gathering of some of the government's powerful members, that he heard the question "..anyone here a fan of Ayn Rand.." and understood that it was directed at him, and he looked at the person, smiled and rised his hand to signal a yes responce. In my opinion I would suggest that eventho Mr. Greenspan did not understand Mrs. Rand's errors in the field of psychology, he has interacted contrary to her believes without understanding why. To rewrite the above paragraph, I would like to suggest that Mr. Greenspan is very much aware that his views of the gold standard to back up a countries money is still that he had in the past, but after becoming the Fed top person, he acted in a way counter to his Ayn Rand beliefs, and simply saw a bad situation that he could not control but a piece, and then proceeded to make the best of a bad situation thru compromise and working with the other folks in the world community that decide money matters. I would now like to suggest that Mr. Greenspan is very much aware of what is happening currently, and to suggest that he is very much closer to the beliefs of GATA than what appears thru his actions. If any "bubble" does burst, causing chaos, for example the USA stock market looses big time, that I predict that his actions will change for the better, as seened by the GATA movement. Doug From: william e. magner Tuesday, May 18 1999 11:38AM ET ... long ago AG criticized the Federal Reserve for their role in creating the 1920's stock market bubble. fame.org Mike For new readers, the above mention of GATA is as follows. Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org Also, GATA related articles can be obtained at the pay for view site. Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com