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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (25542)11/19/2002 11:21:22 AM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
Jay, that's not what he said. That quote said that central planners cannot know enough to set economic policies without blundering, even if they are using well-intentioned paving stones.

It was an anti-Kremlin comment. It was not to say that he can't maintain the value of the US$ against a bunch of consumer goods so it retains a reasonably constant value, with a small inflationary bias to keep the profits of control bubbling along.

It was an argument that government economic planners should get a real job.

Nat can't even spell liar and so I don't think he's a suitable commentator on the veracity of our great and wonderful idol, Uncle Al KBE.

I find it a bit pathetic actually; the ignorant vituperation about such a wonderful hero of our times.

Contrary to Nat and Co, Uncle Al has succeeded in maintaining the value of the dollar while earning a large amount of profit for King George II and extending it's transactable coverage while other currencies and stores of value have been pounded.

Despite the attempts of the most maniacal speculative frenzy ever to destroy the financial system of the world, the US$ remains solid as a rock - though made only of the flinty will and intelligence of Uncle Al and the geopolitical powerhouse which supports him.

Ranting ignorami in cyberspace have had to watch with impotence as their little Tonka boats have crashed and sunk against the rock of the US$.

In Uncle Al We Trust,

Mqurice