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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (5903)	4/5/2008 6:20:50 PM
From: Giordano Bruno	Respond to of 71405

Hmmm, perhaps Stanley O'Neils 161 million sent the wrong message.

To: RockyBalboa who wrote (5903)	4/5/2008 6:46:46 PM
From: Real Man	Read Replies (2) \| Respond to of 71405

Well, you can certainly put the blame on the quants, some rookies fresh out of Business school with MBA in finance and risk management or physics/math Ph.D.s, who trust the models and VAR calculations like they are Gods and never seen a meltdown in their lives. I think that's exactly what happened. There were some real criminals, of course, who knew it's gonna blow up, but did what they did to enrich themselves. Or you can blame Sir Alan, who avoided the pain pill, bailed out the system and blew bubbles until they grew bigger than the Fed. Now, I believe AG knew exactly what he was doing and how it will all end (not on his watch) back in 2002-2003, so he is a real criminal. He blew the housing bubble on purpose, to bail out the stock market dot com collapse. Or you can blame the corrupt politicians, especially ones in current administration, who really needed the recovery for their ratings. I believe quite a few crooks there I bet we'll find a lot of real crooks, but by far not everyone in the banking business. I bet 90% of the boyz and girlz at Bear had no clue what was happening until that Sunday evening.

To: RockyBalboa who wrote (5903)	4/5/2008 8:18:58 PM
From: Real Man	Respond to of 71405

The blame where it is due... He could have raised margin requirements in 1996, not bail out LTCM in 1998, not create a housing bubble in 2002 by keeping rates at 1%, etc. He also presided and pushed for changing how we count the CPI, from honest to completely dishonest. The case against Ben Bernanke includes 3 adverse actions that are continuation of Greenspan dishonest legacy: 1) Elimination of M3 2) A proposal of modification of CPI YET AGAIN - to make it lower, not higher, of course. 3) Supposed consultation with WS firms prior to surprise cut of discount rate this August that turned the stock market. mises.org "Given Greenspan's obvious familiarity with Austrian economics, we can only conclude that he is consciously dishonest. In his tenure as Fed Chairman, Greenspan has acted precisely like the central bankers he attacked in 1966. The enduring legacy of the Greenspan era will be the large-scale confiscations of wealth and economic imbalances — all of it blamed on others." "Gold and economic freedom", by Sir Alan himself... 321gold.com