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--- Begin Message ----Caveat Lector- [EMAIL PROTECTED] wrote:> I never understand your theory of Old Money vs New Money. > > The way the story is usually told goes something like: > lots of money was pumped into the New Economy > since everyone expected to get big and fast returns. > But then it turned out that the expectations had been > exaggerated, and only slowly could it be opened up > for the ("old"?) economy. The Fed is another fake cop. The Fed is supposedly preventing crises, but a comparable crisis to 2000 could not have occurred if investors had been allowed to selectively dump bad balance sheet companies over time, as they realized they could not ignore the bad numbers any longer, diluting the crisis over time and by focusing blame only on the guilty. "Pro forma" accounting was partly responsible for the illusion lasting as long as it did, so why not deal separately with accounting practices, and each company's balance sheet spread out over several years instead of causing a panic in time to elect Hitler's Law and Order Fear Party? What Greenspan did was like running through a ship and opening all the bulkhead doors in the name of preventing the ship from sinking. He said "dot-commie witch" instead of "pro forma accounting, Enron, Worldcom, Global Crossing, Glaxo-Wellcome, Lucent, Bush-Cheney, HUD loan resale insider trading by Harvard-Dyncorp-Winokur, DoD missing trillions". -Bob Please let us stay on topic and be civil.-Home Page- www.cia-drugs.org OM Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/cia-drugs/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/ www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://www.mail-archive.com/[EMAIL PROTECTED]/ <A HREF="http://www.mail-archive.com/[EMAIL PROTECTED]/">ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
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