Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (22093)	5/15/1998 12:25:00 PM
From: mph	Respond to of 95453

<<<iG>ee that's the first time I ever heard anyone call rape "social architecture"!>> Rape is the more colloquial definition of taxes..... My point was that the government uses the taxing power to em-power itself and those who are "IN"---part of the object being to keep those who are OUT--OUT! This is pure politics. That is also the reason that taxes will never be even close to fair until there is a complete restructuring of the tax system. Until that occurs, about all that we can do is whine, because each political party has its own agendas and need for self-preservation. mph(in a thoughtful mode)

To: Broken_Clock who wrote (22093)	5/15/1998 12:35:00 PM
From: Shelia Jones	Read Replies (1) \| Respond to of 95453

Papaya King, As you point out, Alan Greenspan has been a laissez-faire kind of guy forever. Albeit aloof from head on political battles, he has been recommending a return to the gold standard for years. His has probably been the only vote in the Federal Open Market Committee for this policy. (I really do not involve myself in politics as I dislike its hypocrisy, and I enjoy my quiet life - but A.G. is interesting.) If drsvelte runs for office as suggested no one - well, at least us midwestern farm girls - will have much of an idea what he is saying. This could be a big plus. gg

To: Broken_Clock who wrote (22093)	5/15/1998 2:03:00 PM
From: waverider	Read Replies (1) \| Respond to of 95453

>>Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence.<< The morning of the 1987 crash the FED let all the banks know that they would flush liquidity into the system and not put a strangle hold on monetary policy. THAT is one of the main reasons we survived 1987. The FED has learned. This isn't 1929. <H>