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To: Ilya Mourometz

The Fed keeps creating new bubbles to solve ones that has crashed. They lowered interest rates to save the economy when the Dot.Coms crashed and the financial scandals and 9/11 happened.

That help create the Housing bubble but is saved the economy. Well the Housing bubble has now busted so they are weakening the dollar to save the economy.

That has driven up commodities prices and I heard on the radio that farmers borrowed 20% more at fairly low interest to plant crops. The Commodities bubble will build until it pops and the farmers and domestic oil producers will face many of the same situations they faced in the 1980’s.

But knowing the Fed they will create another bubble to save rural banks since the banking system in general is having problems.

I agree with you, we need to go ahead and let the economy suffer a recession if it has to without the fed trying to save the economy. We are becoming like an heroin addict who needs the Fed fix more and more.


16 posted on 04/30/2008 10:26:52 PM PDT by Swiss
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To: Swiss

“The Fed keeps creating new bubbles to solve ones that has crashed. “

Agree 110% It’s a big scam, they need fixed rules (gold?), the rest is counterproductive.


19 posted on 05/01/2008 7:37:56 AM PDT by FastCoyote (I am intolerant of the intolerable.)
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