REH
> Very clear. Now how is the National Bank of Canada different from the
> Federal Reserve here in the US? For example, it would never occur to us
to
> use the Federal Reserve as a bank. It is purely regulatory and
constitutes
> one hell of a "bully pulpit." There is always a need for an "old man of
> the North" to be concerned with the whole of things
I don't think the Bank of Canada is very different from the Fed, though I'm
not expert here. But I would suggest that the Fed has much greater public
visibility perhaps partly because Greenspan is given to making rather
dramatic public announcements and partly because it is the most important
central bank in the world. Whatever it does is very important to the global
economy.
> Unfortunately, here in the US it is not free from politics, especially
when
> the head of the Federal Reserve and the Government are of the same
political
> party. There is no such thing as purity as our Supreme Court has amply
> shown in the last election. If I had the money I would move to France
> until this whole mess was over or I was done. The US has suffered a
coup
> and this government is illegitimate no matter how competent or incompetent
> the current Viceroy is as a manager.
Come to Canada, Ray. It's much less crowded than France.
Ed W.
