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To: ForYourEyesOnly who wrote (29493)3/7/1999 11:08:00 AM
From: Hawkmoon  Read Replies (2) | Respond to of 116764
 
We know that the Pres appointed AG.....but that does not constitute proof in any way that AG has ANY influence on FED actions.

Are you saying that AG is merely a figurehead with no real power over the decision making process of the FRB?

Does anyone else out there reading this exchange wish to suggest AG is a figurehead? (Btw, President Bush appointed AG. And apparently Bush blamed his loss to Clinton because AG was tightening the financial pursestrings and "disciplining" the economy. Clinton was able to point to the weakening economy and blame it on Bush's perceived lack of domestic policies.)

We, the People, are at fault for being passive and allowing this to continue."

Well, you know what to do then. How many congressmen have you written to about this??

"Look at Japan. "

The printing presses are rolling, and Rubin and the gang are pressing the gov't to roll them HARD. Look forward to big time inflation soon...another way to rob the public of their hard earned money.

This is a fact.


Is that all there is to it? Is inflation in the Japanese economy "bad" at this moment?

What is the current state of the Japanese economy right now, deflationary or inflationary? Which is more economically destructive? Why?.

And this is all on topic as it definitely pertains to possible movements in the price of gold in the future.

Regards,

Ron