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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (22762)	9/19/2007 3:17:00 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 220189

TJ, booze = excellent analogy, guns = silly analogy. Uncle Al KBE specifically warned against irrational exuberance. All he did was run a money supply, keeping it profitable for the owners and functional for everyone else. He wasn't the world's ruler. He was just a money merchant. Tinkering with margin requirements or something isn't a big deal. He didn't betray his own conviction. He got the job of minding the world's biggest fiat fund instead of a gold standard. He did a good job of it. Helping keep a dodgy system on the rails is no bad thing. Yes, he poured more fuel into the financial relativity theory rocket engines, as expected, predictable, and inevitable. Inventing the atomic bomb was a good thing [so far]. It certainly made the Japanese surrender, without conditions, handing the keys under mortgagee sale to the victors. But it's another stuffed analogy. People can't use atomic bombs as a means of exchange - though the Koreans, Iranians, Pakistan, Libya, Syria, Iraq [in Saddam's day] are interested in doing so. They aren't much use in trading chickens and rice. Mqurice