Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Money Supply & The Federal Reserve -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (942)	8/17/2003 9:41:13 PM
From: glenn_a	Respond to of 1379

Hi Andrew. I know 1994 is when the folks at GATA feel the gold price manipulation really kicked in. Thanks for the charts. Re: the PPT, you commented: "As far as the PPT well the longer they keep it up the worse it will get, funny how they don't see it that way. The more they manipulate the more it will go against them." You know, it's hard for me to determine whether their behavior is a case of hubris and massive cognitive dissonance, or if they are genuinely among the most crooked greedy, and selfish people on the face of the planet. Perhaps it is true that power corrupts, and absolute power corrupts absolutely. In any event, the beauty with the developed world's particular brand of oligarchic capitalism, is that you get to privatize the gains, and socialize the losses - in other words, taxpayers soak up the financial losses, but will receive comparatively little in the form of social benefits. Come to think of it ... sort of like IMF-based regimes all over the developing world. Nothing Argentines, Brazilians, Mexicans, Thais, Malays, etc. haven't seen before. If any good comes out of this bust, it will be that the developed world's middle classes will realize what a racket their current financial and political systems currently are (to a greater or lesser degree)... something developing countries have realized for years, and have often paid with their lives for any form of dissent or quest for social justice and accountable government, particularly when such dissent went against U.S. "national interest". So the "institutions" may indeed get in deeper and deeper do-do, much like the situation Fannie and Freddie currently find themselves in. However meanwhile the financial elites are syphoning liquidity from the masses, and removing liquidity into private wealth out the back door. It's truly an extraordinary spectacle to behold. Stagflation? Well, you've got a ton of debt that will never be repaid, that currently exists on the books as somebody's asset. So you have 2 basic ways out of this situation - you fu the debtor, or you fu the creditor. That's it. You HAVE to do one or the other, or some combination of the two. There IS NO other way out. And the economic repercussions ain't going to be pretty. Thanks for the link to your new thread Andrew. It sounds like it could be a great forum. I have bookmarked it, and will definately keep abreast. Fascinating stuff to discuss. Best wishes, Glenn