-Caveat Lector- <A HREF="http://www.ctrl.org/">
</A> -Cui Bono?-
In a message dated 03/05/2000 8:15:22 PM Central Standard Time,
[EMAIL PROTECTED] writes:
Nurev,
Your points are well made and I appreciate your contributions
and all reasoned points of view to this discussion.
However, it seems you are supporting two opposing positions.
The statement: "Energy Secretary Bill Richardson publicly gave
the OK for OPEC to raise oil prices." supports the idea that
OPEC takes orders from Washington.
The statement: "There is NO invisible hand. There is only private
control of vital commodities." directly contradicts the first statement.
The next statement is right on target:
"It looks like encouragement for inflation. Increasing Fed rates also
encourages inflation. The big boys have played out the little piggy
investors on Wall St. Now it's the banks' turn to fleece the flock of
Dodos."
The two most important variables directly impacting the
Cost of Living Index are interest rates and energy prices.
Is it sheer coincidence that both of these were at, or near,
record low levels at precisely the same time
as the impeachment of Bill Clinton?
Gasoline prices especially marched in perfect cadence with
the impeachment proceedings. They fell to an historic low
(inflation adjusted dollars) within 10 days of the Senate vote
to acquit. Within 3 weeks after the vote, prices were rebounding.
Now 13 months later, we have record high prices at the pump.
Alan Greenspan and the FED have moved much more slowly,
but interest rates are significantly higher than during the
impeachment proceedings.
Doesn't this argue powerfully that their is a "hidden hand"
pushing the buttons which control our world?
I think you're right on about the approach of "fleecing time"
on Wall Street.
Regards,
Nakano
<A HREF="http://www.ctrl.org/">www.ctrl.org</A>
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