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To: Jorj X Mckie who wrote (175998)1/8/2009 10:38:38 PM
From: MulhollandDriveRead Replies (3) | Respond to of 306849
 
well, i think you may be a bit too young <g>

i know there are a lot of volcker lovers on this thread, but...

i remember quite well the double digit interest rates that almost quashed our business before it had a chance to get off the ground, and yes, i know of people whose businesses failed....i HATED volcker at the time

can you imagine thinking a 12% interest rate was "good" considering the 16 to 18% rates others were being charged? and all these people whining about 5%???

but beyond all that, do a google search on volcker and one world currency and the imf...oh and do some searching on his whitewash of kofi annan oil for food as well... i could go on.....at any rate call greenspan and volcker the opposites sides of the same 'coin' that destroys