Re: greenspan....

On 29 Jan 2006 11:05:15 -0800, "Crowley" <crowalas1234@xxxxxxxxxxx>

typed:
>
>abelard wrote:
>> On 29 Jan 2006 10:03:12 -0800, "Crowley" <crowalas1234@xxxxxxxxxxx>
>>
>> typed:
>> >
>> >abelard wrote:
>> >> he doesn't make the bubbles...'investors'/gamblers do that
>> >
>> >not wivout is elp they dont
>>
>> what do you regard as 'help' in the context....
>
>1% interest rates fer starters

god knows if you will understand much of this..

let's try again....the bank does not control interests rates....
that's just fossil media and politico babble....
the bank controls money supply...the markets control
interest rates...(ie the bank controls interest rates by
manipulating the money supply)

let's propose to you that interests rates were hiked to
50%...what then?

next step....what is money used for....
answer...for trading....

now...most well run central banks now try to control
'inflation' (not money supply)
nest...the inflation figures are being heavily manipulated
by governments...
next....the government own the central bank..lock, stock
and barrel....

the governments try to get you to believe the rpi is
inflation ( big lie)
next....governments love inflation....

inflation above ~3% destroys economies...last i looked real
inflation in the uk was 9%+ (in the us next to nothing)
next deflation has other problems....

so...why do you want a much higher rate of interest in the usa?
you want deflation? that's what you'd get....

there is money 'out there'....in the case of the $....an absolute
wall of money....people with any sense won't hold money...
esp money that is being inflated hard...

so they try to get it into assets....
they see an asset rising...so they run towards it....
eg gold this week....

you want to control what people do with *their* money...ie you're
a damned socialist...

if they transfer sufficient to gold...and there is 'no' inflation...then
house prices will fall....

why do you care?

you're eating...you have a cave....you have clothes?
much of the rest is a game..a gambling casino to keep sheep
occupied...

so...why do you want higher interest...
in fiat economies it is often smart to borrow...not to save

why are you dedicated to saving?

just what do you want and why?

whatever it is....it is first wise to adjust to reality...

like to ask an intelligent q. about greenspan's policies?
in due course you might even get to understand the *why* of his actions

--
web site at www.abelard.org - news and comment service, logic,
energy, education, politics, etc 1,544,346 document calls in year past
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