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

To: Mary Cluney who wrote (49077)	4/27/2004 3:10:15 PM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 74559

Kicking in for Jay... The Fiat Money Inflation in France could be explained away as teething problems of something that later got a name of monetary policy. It started by the people in power issuing "just as much paper money as the lands confiscated from church were worth". And when this money injection wore off, the smartest and the honestest of them all decided it would just take some more paper to keep the circulation up. And on it went. Into hyperinflation. For the lower strata of "Liberté, Egalité, Fraternité"d French it ended in a complete and utter pauperization, while at the top an new caste of the rich appeared - of those who knew how to sell short and how to make debts in an inflationary environment. Then came Napoleon and the hangover and the 19th century. And Marx had a nice practical example on hand to tell us what the "primary accumulation" of capital actually means. What's the connect with Fed and AG?! No excuses (ie it's not teething pains) for FED when it comes understanding the role and the function of money. The primary cause of concern and distrust (of some, count me in anyhow) is the amount of green paper being created since quite some time, and on AG's watch at that. Money creation disconnected from GDP growth, from anything to do with national economy - except a nice enticing interest curve --- . "What's the problem with money? Hey, I see it everywhere. I'm rich, you're rich, we're all rich! We buy, we shop, we are the world, we are the children" etc etc... Hanging above it all the Cheshire cat's smile of the one and the only AG. Ayn Rand? She would probably ask him to move his a*se and produce some steel instead of all this paper... re >>if one could understand what he is saying.<< (from New Yorker) Twas brillig, and the slithy toves Did gyre and gimble in the wabe: All mimsy were the borogoves, And the mome raths 25 BPs Some more delightful reading at: financialsense.com dailyreckoning.com or ask Google for Mogambo Guru

To: Mary Cluney who wrote (49077)	4/28/2004 4:48:11 AM
From: Raymond Duray	Read Replies (2) \| Respond to of 74559

Hi Mary, While your question concerned Greespan and a brewing Fiat Money swindle, there is another swindle for which Greenspan is in large measure responsible, and with which he is showing his true colors as a partisan for the elites at the expense of the rest of us. Here's my take on Greenspan's role in wrecking our retirements: Message 20062429

To: Mary Cluney who wrote (49077)	4/28/2004 11:44:16 AM
From: TobagoJack	Respond to of 74559

Hello Mary, I take time out to respond to your ... <<I wonder if you could explain this to me in terms I can understand ... I just don't think Alan Greenspan ... taking any risk for himself or for his country>> ... I turned on PC after a harsh day of chit chat, called up the equity watch screen ... a field of bubblelicious dripping red liquid enveloped in crimson fog highlighted by brownish mist ... so beautiful and very energizing. <<He does not even invest his own money in the stock market>> ... no, because he knows he is not up for the task, and yet he gives out financial advice urging folks to take out a variable rate mortgage refi to take out savings they do have to buy things they do not need. <<... I think most of it is in low interest bearing treasuries and bonds>> ... I call what he is doing "insider trading", and I say his advice is conflicted. <<His speach pattern is so risk adverse that it is laughable - if one could understand what he is saying>> ... precisely, it is laughable, empty of content at times, and misleading at other times achamchen.com . Chugs, Jay