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To: Ron who wrote (2845)	4/30/2003 8:56:10 AM
From: Jeff Jordan	Respond to of 5125

As I have been saying for a few weeks if not directly, this stuff is over valued. Here we are in collective denial that the economy is still contracting. Why I was so depressed 2001 mostly was I didn't think the economy had to be busted and actually believed greenspan wouldn't let it go that far in 2002. Well he did and trillions of dollars of investment disappeared because too much prosperity(even tho much was phoney) is bad for bankers and government rule. We could have easily expanded or held growth steady. But I suppose the argument would be fiat money requires boon and busts? Make no mistake greenspan broke the economy and those other crooks running the 2000 ipo scams. The fines imposed in Monday settlement is a farse. The crooks don't even admit they committed fraud on the public. Greenspan was saying falsely that high employment was causing inflation and over-heating.....well, I say he if creating inflation now by expanding the supply.....problem is we're not growing that fast if at all. In my haste I may not have stated all my arguments properly above...my head is already upset this morning and it pains me to think.