Comments on: Monetary policy needs tightening Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: highmountainhot Tue, 26 Jan 2010 14:16:09 +0000 paul volcker is the statement,” absolute power corrupts absolutely”. the old guy has been living in a vacuum being fed radical leftist rhetoric by his supposed masters. his buddy(dead guy) ronald is probably turning in his grave.pretty to see who’s bought in to this new crap. as usual, inverse proportional relationships will develop and apply. probably in a most unsavory forces have a life of their own, and will find a way to overcome all bull—- that obama,inc. is throwing up in an effort to save their own hides. gotta love obama’s latest observation about himself. he’d rather be a great one-term president than a mediocre 2-termer. well hooray for him. 3 more years of his greatness is truly more than we can afford.
another little funny, now that we’ve more wealth than gold and everything can possibly represent, where do we go from here?

By: MSGret1 Tue, 26 Jan 2010 07:45:52 +0000 You are correct in many of the points you present. The point you miss the mark on is more government regulations.

A once great man said “Government is not the solution to the problem, it is the problem”.

Our current day financial mess actually began in 1971 with a change in monetary policy by President Nixon, recommended by then under-secretary of the Treasury economist Paul Volcker. This policy change brought about the collapse of the Bretton Woods system signed by the allies in July 1944, also know as the gold standard.

I find it ironic that Paul Volcker on whose advice our financial system is in the mess it is today, is the same person called on to fix the mess he helped to create.

How does he propose to fix the problem, more government interference. Seems to me he is the last person to seek advice on any money matters.

By: highmountainhot Tue, 26 Jan 2010 02:19:48 +0000 truly amazing thing, this human nature. don’t leave it alone for too long. might rear up and bite itself in the ass.
so, how much does a trader at one of the banks need to lose before he turns a profit for the company. suppose it pays to work right next door to the exchange. kind of like being a lawyer right next door to the courthouse. all i want to do is make a decent living, not engage in self-destructive excess.