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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (22041)	11/19/2004 2:28:04 PM
From: Knighty Tin	Respond to of 110194

John, AG spins so much to make himself look good that he must be permanently dizzy.

To: John Vosilla who wrote (22041)	11/19/2004 6:34:14 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

This is an especially rich comment coming from a central banker who sees his role as "merely providing as much credit as the market demands" -- -- as if providing infinite credit out of thin air were a normal function for a "market economy". Greenspan concerned with weak dollar _\|\|_ NEW YORK (CNN/Money) - Federal Reserve Chairman Alan Greenspan warned the U.S. must deal with the causes of the weak dollar -- the U.S. trade deficit and the federal budget deficit -- or the country could run into economic problems down the line. Eliminate the possibility of infinite credit, and problems like the federal budget deficit, trade deficit, and real estate bubble, become immediate problems which are self-correcting. This is why well-known split-personality and pathological liar, Milton Friedman, strongly suggests that central banks be replaced with a computer which increases the money supply at 2% annually. Although he has no explanation at to why the money supply needs to be increased annually in the first place, or why 2% is the magic number. Milton Friedman strongly rebukes economists like Milton Friedman who have spent their career creating Central Banks in nations around the world. The first Central Bank he created was in Chile and he staffed it with his own Grad Students, installing himself as the first Chairman of the Central Bank. He first reduced the money supply at a 50% annual rate until the money supply was 38% less, followed by a wild expansion and contraction of the money supply ranging from a minus 10% to a positive 30%. As Milton Friedman commented, "This just goes to show that Milton Friedman is an out-of-control egomaniac who knows nothing about economics." Friedman continued, "He has such a high opinion of himself, he thinks only he should be permitted to act as Money Fuhrer." One of the advantages of being a split-personality is that it increases the chances that one of your conflicting opinions will be proven correct. home.pacbell.net .