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Report: Former Fed Boss Says Euro Could Replace U.S. Dollar As Favored Reserve Currency
yahoo.com ^ | September 17, 2007 | staff

Posted on 09/17/2007 6:59:59 PM PDT by kellynla

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To: DoughtyOne

“Can’t help but think this bastard’s policies helped get us where we are”

well when you think back, Kermit inherited one of the strongest economies in American history with historic low interest rates in 1987 and within two years he put us into a recession with double digit interest rates.


21 posted on 09/17/2007 7:49:59 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla

Like finding out the worst enemy of America was in charge with Greenspan.


22 posted on 09/17/2007 7:52:24 PM PDT by A CA Guy (God Bless America, God bless and keep safe our fighting men and women.)
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To: BigFinn

I’m more optimistic.
We just need a CONSERVATIVE POTUS who knows what that veto pen in the top drawer of his desk is for.
Reagan inherited a hellofamess and the right person in the Oval Office in 2009 can turn this mess around again too!

CUT, CUT, CUT, CUT, AND MORE CUTS! LOL


23 posted on 09/17/2007 7:53:27 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla

LOL, ouch... I didn’t remember the figures the way you do, but it’s nice of you to bring it up. Thanks.

Worst period in our history since the great depression wasn’t it...

The Clintons, in any other nation they’d be harvesting strawberries for a living.


24 posted on 09/17/2007 7:57:28 PM PDT by DoughtyOne (Sorry Hillderella, but the Hsu fits...)
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To: A CA Guy

All I want to know is; how much money Andrea Mitchell made off the Stock Market while hubby was Chairman of the Federal Reserve.
“Honey, are you gonna raise or lower interest rates today?”


25 posted on 09/17/2007 7:58:14 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: DoughtyOne

“Worst period in our history since the great depression wasn’t it?”

I think you are thinking of the 70’s under the peanut farmer. Thank God for RR!

RR & Paul Volcker pulled us out of that mess and then Kermit the Frog showed up in 1987.


26 posted on 09/17/2007 8:03:41 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: mefistofelerevised

He’s selling a book, duh...


27 posted on 09/17/2007 8:03:48 PM PDT by DB
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To: kellynla

I’d make a decent wager that the Euro press has, once again, done everything short of blatantly misquoting Greenspan. Think what you will of him, but with the dollar pushing 70% of global currency reserves and the euro 25% he would not be saying the dollar has barely any advantage, nor would he be basing such a statement simply on cross-border transactions that inherently favor the euro. And, as I’ve said in an earlier thread on this, we don’t even know the timeframe Greenspan is talking about.

I’ve said it before and I’ll say it many times in the future: The Euro press is very keen to play these kinds of things up in order to lead perception of the U.S. downward. It’s not a conspiracy, it’s simply a common bias. You see the same sorts of things in the earlier reports that Greenspan claimed the Iraq war “was for oil.” They get days and days of headlines about it, and no one will remember that Greenspan countered that story.

Just as with this, if what Greenspan actually said was far more bland we’ll never hear much of it. But what we will have, thanks to this pre-release excerpt that will make headlines for nearly a full business week before the real deal comes out, is yet another situation where something is taken out of context or embellished, a headline is imprinted as “fact” on a large number of people, and the follow-up is all but forgotten.

Oh, and thanks to that idiot Matt Drudge for doing all he can to mindlessly propagate this stuff globally.


28 posted on 09/17/2007 8:07:26 PM PDT by Sandreckoner
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To: kellynla

That answers that.

For a man who was in such an exalted position he sure is doing a lot of non- production, useless babbling.


29 posted on 09/17/2007 8:07:49 PM PDT by mefistofelerevised
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To: kellynla

Please Greenspan - shut up.

His wife, Andrea “bird of prey” Mitchell is just as bad, if not worse, than Greenspan.


30 posted on 09/17/2007 8:16:30 PM PDT by khnyny
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To: kellynla

That was the line used by the Clinton cabal in 1991. I didn’t agree with it. It was one of the most bald face lies in U.S. politial history. Sure enough the lefties at DU and the like believed it to be true.


31 posted on 09/17/2007 8:17:27 PM PDT by DoughtyOne (Sorry Hillderella, but the Hsu fits...)
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To: kellynla

BTW, you’re right about Carter.


32 posted on 09/17/2007 8:17:47 PM PDT by DoughtyOne (Sorry Hillderella, but the Hsu fits...)
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To: mefistofelerevised

In case you’re interested in purchasing Kermit’s book....
like I know you are. LOL

http://www.amazon.com/Age-Turbulence-Adventures-New-World/dp/1594201315/ref=pd_bbs_sr_1/102-0041327-8452169?ie=UTF8&s=books&qid=1190085445&sr=8-1


33 posted on 09/17/2007 8:19:12 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: Orange1998

The other axis of evil. What’s the solution?


34 posted on 09/17/2007 8:25:12 PM PDT by khnyny
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To: mefistofelerevised

The low dollar makes all US products look cheaper. The Europeans are going on US vacations constantly now. All of this European money is rolling into the US market. I don’t think I’d complain too much.


35 posted on 09/17/2007 8:26:07 PM PDT by pepsionice
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To: Orange1998

Right around 2000 up to 2002. It wasn’t a coincidence. And Iran is mulling over the same thing currently.


36 posted on 09/17/2007 8:29:21 PM PDT by billbears (Those who do not remember the past are condemned to repeat it. --Santayana)
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To: DoughtyOne
and do you remember what Bush’s father said about Greenspan after he raised interest rates...
“If I’d known he would raise interest rates, I wouldn’t have reappointed him.” Which helped ruin the chances of the father’s reelection and Clinton's election. Too bad the son didn’t learn from the father’s mistakes...Do you see the pattern here...
37 posted on 09/17/2007 8:40:53 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: khnyny

“What’s the solution?”

Sooner or later we are going to have to give the Muzzies the Jihad they so desperately want.
And while we’re at it, pursuing energy independence and purchasing MADE IN USA products wouldn’t hurt!
No need in helping the Chicoms & Muzzies further financially in their goal to BURY US!

Crazy as Pat Buchanan sounded years ago;
he’s making more sense at this point;
although he was dead wrong on the war in Iraq;
Saddass needed to be “taken out” but I wish Bush would have allowed one of my fellow Marine Corps Snipers do the job...

Flame on...I have my asbestos PJ’s on. LOL


38 posted on 09/17/2007 8:52:54 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: Orange1998

Saddass was a bad actor who needed to be “taken out”...
I only wish we had finished the job on our first trip...
Like Gen. Patton said “I hate paying for the same real estate twice.”


39 posted on 09/17/2007 8:58:41 PM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla

The one time I bought from Amazon it took forever to get the product. Would be a good place to order a book I don’t want.

Please tell me why the British pound is going up over the dollar? It’s just like much of the stock market in my view. Manipulation and trading.The pound at a long time high against the dollar? What’s the bloody reason for that?


40 posted on 09/17/2007 9:12:13 PM PDT by mefistofelerevised
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