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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (1758)	12/7/1999 11:26:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 7434

Patrick, the Fed charter was signed by President Wilson on Dec 23rd of 1913, it was one of the first radio broadcasts. The Fed, had quite a bit of power since it's inception and many including John Galbraith and Miltion Freeman that the severity of the Depression of the 1930's was a result of the Fed cutting the money supply by 33% over the next 2-3 years after the crash of 1929. I have quotes from some Fed officials who talk about the restrictive monetary policy being constructive to weed out the speculative and negative developments that had occurred in the stock market and the economy at large. I have a few hard-back copies of the book that I bought at barnes and Nobles when they were selling them for 10 bucks 2 years ago, as well as an older edition as well. I have read the book and it is great to read about the John Law's experiment with Credit in France from 1716 to 1720 particularly 1719 and 1720. Not much difference than some of the things we saw in Japan in 1988-89, or we may be seeing here currently. It is a book that belongs in every thinking person's house. JOhn the link that I provided lets one read the whole book for free, as it's in the public domain now. Brought to you as a public service by those nice people at the site. -g-