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

To: shades who wrote (53708)	2/13/2006 1:57:22 PM
From: gpowell	Read Replies (5) \| Respond to of 110194

Yes Andy Kessler is cheering for this with you in his RUNNING MONEY book - like was at the beginning of every episode of THE BIONIC MAN - we "HAVE THE TECHNOLOGY" today to not need bankers that still makes loans to son in laws - we didn't have that before - but now we have hundreds of millions of people with thier net connection and interactive broker accounts consuming massive amounts of information and keeping markets efficient in ways a FED just can't. These corrupt crony capitalist middle men have GOT TO GO! They could have kept the lid on crazy loans in the housing market and failed - so they are BANKRUPT - they are failures. I doubt many on this thread agree that the Fed needs to be abolished. Many here do agree that the discretionary powers of the Fed is what needs to be abolished in favor if some type of fixed expansion, in some cases no expansion, of money and credit. And that is necessary because they believe that free markets in money most often leads to dangerous expansions of money and credit.