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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (73504)	5/15/2010 4:16:55 AM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 74559

Yes, there was a free market in money. I could and did buy and sell currencies and shares as I liked. All the Federal Reserve did was take the traditional tithe - diluting the various fiat currencies in the manner to which they were accustomed. Prices of US$ have gone up and down a lot over the decades. That's what free markets do. Part of the game in free markets is guessing what the various participants will do and acting accordingly. I don't know much about Alfred but there's quite a difference between genocidal medieval conflicts and currency exchanges. The reason for the investigations of finance is not because Alan Greenspan KBE did anything wrong, it's because fraudsters and criminals did something wrong, which is what they traditionally do when there's money in a bank. Mqurice