To: Rolla Coasta who wrote (1692 ) 1/8/2001 9:27:33 PM From: Crystal ball Read Replies (1) | Respond to The ONLY INFLATION created was initiated by Alan Greenspan and the Federal Reserve FOMC jacking up interest rates starting last June 1999, and continuing thoughout 2000. This created an increased cost of money, that is the price of money went up. Every industrial sector that had price flexibility, particularly the OIL SECTOR, like OPEC, also thereafter increased the price of their money, such as increasing the price of OIL just to stay even, in a balance of trade or balance of payments simple accounting methodology, with the higher Federal Reserve Interest rates. Not ot be outdone, the YEN and EURO continued to drop, multi-nationals seeing the writing on the wall and DESPERATE to maintain overall price stability sought to put the squeeze on the one sector they could: COST OF LABOR, and thus the WTO and PERMANENT COMMUNIST CHINA MEMBERHSIP IN MOST FAVORED NATION TRADE STATUS....lets face it, no one can compete with 12 cents an hour. This created inflation in oil and interest rates, stifled housing starts, collapsed the liquidity of cash in the financial markets causing the NASDAQ and NYSE to fall to record lows not seen since the great depression, not CRASHED since 1929 and 1933 the year Hitler spread across Europe. Think of the competitiveness of the cheap EURO and Cheaper Asian Currencies. Only corrupt Asian bankers and slavemasters benefited from the Alan Greenspan/Larry Summers year of economic warfare by monetary policies. The Treasury inverted the yield curve to favor 20 year Treasuries to put them in synchronicity with the European Central Banks bonds, and this shorter term, quite naturally increased volaitily across all financial debt instruments, as the 30 year long bond, the staple and poster child of the stability and security and full faith and credit of the United States Economy was and is being displaced. All in the name of "Global Welfare" for failed IMF and World Bank projects across corrupt regimes that we should pray never get an automobile in every grass hut to add to the air pollution, water pollution and increase the demand and price for world oil. Don't blame the Saudiis for $30-$40 per barrel oil, they would have been content with the dollar as it WAS and have kept oil supplies at the equilibrium of $20 to $25 per barrel price structure. When you live in an unstable part of the world, stability is welcome, especially when you import almost everything else BUT oil. The Ancien Regime must pass, they have kept their grip these past 18 months by stunting the growth of the newborn high technology and internet decentralized econmic models, that affront their old centralized government planning and authoritarian short sighted view of the world and the future. We shall see who wins, even if our generation must emerge from the ashes like a phoenix from the destruction that the rusted industrial complex has let loose upon us, like an old blind man swinging out wildly at friend and foe alike. The business cycle only holds true, as long as we are forced to recycle the same business models. If we are going to have an economic revolution, then we will have new economic models, and they will be outside the old business cycle, and the old cycle of expansion and contraction, human nature driven or driven by the unseen hand of Adam Smith, would likewise be broken, and maybe escaped from forever, like escaping from the earth's pull of gravity with enough force, enough escape velocity to enter the space age once and for all. Here's to seeing you all on the dark side of the Moon.
