Quote:
Political-economic analyst Al Martin, author of "The Conspirators: Secrets of an Iran Contra Insider" writes about the effects of reducing the M3 money supply as a means to deliver a Bush defeat in the elections. His column is called "Bushonomics: Who Wins? Who Whines?" published on AlMartinRaw.com: Political, Economic and Financial Intelligence.
By reducing the money supply called M3, Martin writes,"Greenspan is attempting to engineer a political defeat of George Bush by building a whammy into the economy that's going to hit around election time. This can be done, not only slowing the rate of increase, but by contracting the amount of available credit. That's what M3 really is. The amount of available credit in the economy will then contract financial liquidity. This gets back to Greenspan's famous quote from the early 1990s - 'The nation can not afford any more Bushes.'"
In fact George Herbert Walker Bush blamed the Federal Reserve for his defeat in 1992. "The Federal Reserve, instead of accommodating growth by reducing interest rates (the normal economic policy response), kept money supply tight, thus keeping interest rates artificially high, and thus cutting short the nascent post-recession recovery," writes Martin.
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I realize that the souce is a fringe, out-there site, but it's an interesting theory. It's not like it's an original theory of theirs, it's a book review. I think it's worth discussing.
http://www.conspiracyplanet.com/chan...m?ChannelID=49