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

To: Maurice Winn who wrote (28267)	1/23/2008 7:07:29 PM
From: TobagoJack	Read Replies (3) \| Respond to of 218392

just in e-mail in-tray - good news for physical gold quote new US mining law in the works - the socialists in Congress are basically proposing to kill all new mine development in the country, while making existing mines unprofitable. as i've often remarked elsewhere, when people talk about political risks to mining they often point to places like Russia or South Africa, but in reality the political risk is just as high if not higher in the US: snip "The House in November passed the Hardrock Mining and Reclamation Act of 2007, which would update mining laws that have been in place since 1872 and slap hefty new royalties on gold, silver, copper and other minerals mined on public lands." luckily the senate has a number of pro mining figures who are trying to block resp. amend this nonsense. reuters.com next e-mail that will never make it thru the senate, especially if the economy weakens further (which it will). and next e-mail definitely not in its current form, i agree. but the temptation to change a law that has worked splendidly since 1872 will be too great, so at least a part of the proposal will likely survive. unquote

To: Maurice Winn who wrote (28267)	1/23/2008 9:06:58 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 218392

You'll notice that M3 growth exceeded 10% compounded from 2006 when Greenspan hit the accelerator to 2002, with peak monetary growth reaching nearly 25%! During this same period M2 compounded growth exceeded 11%! economagic.com economagic.com Hardly the 3% growth you monetary growth you suggest is normal for a responsible central banker. Other central bankers, such as Australia's Ian McFarland though there was something wrong with Alan Greenspan and found his actions inexplicable. As Paul Volker, the Fed chairman prior to Greenspan noted, "I think Bernanke is in a difficult position. The Fed is not really in control of the situation. Too many bubbles have been going on for too long." There was only one Fed chair between Volker and Bernanke to facilitate all of these financial bubbles - Alan Greenspan. Greenspan and his apologists, such as yourself, claim that he is not responsible for these activities as he did nothing and took no action. He further claims it's not possible to identify bubbles until after they collapse - apparently one of the very few people on the planet who suffer from this impairment. In retrospect he claims he might have acted differently had he known of these financial bubbles, which were on the cover of most magazines and talked about by most Americans. Its unfortunate that nearly everyone knew about these bubbles except for the central bank chairman. Perhaps he was otherwise occupied. The reality is that Alan Greenspan KBE observed the creation of a mammoth catastrophe while he sat, watched and reduced interest rates to 1% for no apparent reason. Was he deliberately attempting to create a disaster or was he simply incompetent? It's difficult to know. Maurice, I know you like posting bullshit just for fun, but this attempt at a joke makes you look fairly foolish. .