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

To: NOW who wrote (35731)	7/11/2005 8:28:12 AM
From: Tommaso	Read Replies (2) \| Respond to of 110194

No, not exactly. You were talking about U.S. currency, and what you said was totally incorrect and ill-informed. The worst inflations in U. S. history predated the creation of the Federal Reserve. The worst DEFLATION in U. S. history FOLLOWED the creation of the Federal reserve. The comment to which you just responded had to do with British currency, which was very stable during the height of the British Empire. Your comments are only relevant to the period since the early 1970s, when the United States abandoned the gold standard altogether. I do think that your view is true for the future: the Fed has put in place the conditions for disastrous future inflation.