Preventing global economic collapse - what we can do

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.

Pastimes
Preventing global economic collapse - what we can do

An SI Board Since August 1998

Posts	SubjectMarks	Bans
13	0	0

Emcee: Gary105	Type: Unmoderated

Introduction Compact

The parallels between todays economic climate and those of other economic debacles are getting a little too close for comfort.

In the 20's the Fed stood by as a few NY banks crashed and burned leading to a domino effect. Today the reaction of the US and W. Europe to the economic problems of Asia, Russia etc. is that it is a local problem, that we will help only if they impose conditions so austere that it impacts the ability of their citizens to put bread on the table. Yesterday's statement by President Clinton about helping Russia was a step in the right direction, we now need substance.

The impact of these countries is far greater than people believe - economically and politically, directly and by impacting our trading partners. Today it is affecting our investments, tomorrow it will affect our jobs.

The solutions:
1. Greater global liquidity NOW lead by the Federal Reserve immediately lowering interest rates. Dr Greenspan must see that the enemy is global depression not the threat of US inflation. A trickle approach to lowering interest rates was tried by Japan and failed. A major drop in interest rates by the Fed will send a signal to the rest of the Western world and will help create the global liquidity needed.

2. Fewer conditions on international monetary fund aid to the developing countries. Sure they must reform. But to the extent that their people starve? The severe restrictions to date create the climate for right wing and left wing dictatorships. Do we really want Russia to return to communism?

3. Greater leadership by the US through items 1 and 2 above and through direct aid.

What we can do:

contact the fed: Dr. Alan Greenspan, Bd of Governors of Federal Reserve, 20th and C Sts NW, Washington DC 20551, fax: 202-452-3102

contact the president: president@whitehouse.gov

contact your senator: senate.gov

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
13	Very encouraging action by Dr. G and the Fed.	Gary105	-	10/16/1998
12	Looks like the message is getting through, encouraging words from Alan Greenspa	Gary105	-	9/8/1998
11	Malaysia up 16 percent last night. My point about Fed is that leaving hands-of	Rande Is	-	9/4/1998
10	Agree on Malaysia's brash move; disagree on the Fed. Right now we either h	Gary105	-	9/4/1998
9	Let the world learn a lesson from Malaysia:: This past Tuesday, September 1	Rande Is	-	9/3/1998
8	I agree. You really want to see the stock market down 50% or more as people'	John Liu	-	8/30/1998
7	Like it or not we are in a global economy and there is no way of reversing it.	Gary105	-	8/30/1998
6	well, call me an isolationist, but this is what we get for tying our country	laura mechem	-	8/29/1998
5	I think that the IMF and/or the US government should not spend any more	John Liu	-	8/29/1998
4	I do not subscribe to IBD, therefore your link did not allow me to read the ent	TimbaBear	-	8/29/1998
3	Russian President Boris Yeltsin vowed to serve to the end of his term amid call	Jeffrey L. Henken	-	8/29/1998
2	With all due respect, I think you are a bit off target on some of things you ar	TimbaBear	-	8/29/1998
1	Having lived in Asia for the past 4 years and witnessed account after account o	Jan Garrity Allen	-	8/29/1998

Go to reply# or date (mm/dd/yy):