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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: BoomBoom who wrote (47353)	2/14/2001 10:43:55 AM
From: carepedeum2000	Respond to of 57584

i think your on to something boom boom, if i loose money, it has to be someone else's fault, class action all the way baby!! put me down and send me my winnings!! im excited now!! think ill take the rest of the day off and go sports car shopping not

To: BoomBoom who wrote (47353)	2/14/2001 11:01:29 AM
From: Rande Is	Respond to of 57584

BoomBoom, Thanks. Good to hear from you. No, I am not hinting. In fact, I generally don't hint at anything, but am rather blunt about what I think. Greenspan doesn't run the FED. He speaks for the FED. The Open Market Committee, made up of members of various Fed Banks Board of Governors make the determinations that run the economy of the U.S. Who is the FED? Yes, they make the decisions that affect our economy. Yes, they control interest rates. Yes, they drive the economy like flying an airplane. Yes, they run our money. . . our cash, our checks and our credit. Yes, they determine whether we have more or less inflation, growth, wealth, poverty, boom, bust, or otherwise. The Federal Reserve makes most every decision there is to make with regard to the economy and money of the United States. They have since Wilson signed the Federal Reserve act, back in 1913. Yes, the Federal Reserve is a private corporation. Yes, it has been proven to be owned by the largest names in investment banking. No, the Federal Reserve is NOT an agency of the U.S. Government. Neither the President, nor the congress have powers over actions the FED takes. They do not approve or sign anything. They simply ask questions and FED answers them. . . [well, sorta]. . . .like you heard yesterday. The new President Bush was wrangling with Greenspan over a tax cut. Not to start a political debate, but it would seem Bush wants to heat up the economy. . while Greenspan wants to keep it from heating up too much. It may not be the best arrangement. There have been people outspoken against the FED, but they were unable for one reason or another to gather much of a voice. But it is the way things are, like it or not. Yes, markets regularly get moved by FED actions. No, it is not considered by authorities to be market manipulation. The U.S. has rung up debt to the tune of over $3 Trillion dollars. . . all of which we owe to the private corporation known as the Federal Reserve System. Ponder that for a minute. . . and watch the smoke come out your ears. >g< Who really has more power, the debtor or their creditor? This arrangement worked so well with the U.S., that the Federal Reserve System has a sister corporation called the World Bank, which is said [but not proven] to be similarly owned and operated. . . .which handles monies for most all other countries in a similar manner. Why does this all go on like it does without significant opposition? I could not say. But I would suspect that it has something to do with a sort of trickle down effect. Where the profits the Wall Street Power Brokers see from the "way things are" and "good ol' boy network", etc., etc . . . trickles down the Eastern Seaboard into Washington, D.C. and another group of Power Brokers. And since so many politicians are in it for the money and the power. . .and can't afford to upset the apple cart. . . they just go along with it. Any opposing voice is so weak it is ignored completely. Can you imagine that the actual owners of the corporation known as the Federal Reserve System have been considered "unknown" and kept secret for over 80 years?? And we have only recently been piecing together the ownership puzzle? I WISH I was making this stuff up. Rande Is