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To: BGR who wrote (65889)	10/1/1999 8:39:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 86076

BGR, a liquidity crisis is almost always accompanied by a crisis of confidence. and the state of the financial markets is an expression of such a crisis if it occurs. aside from that, i fear that the credit bubble (a direct consequence of the fiat system) could lead to a solvency crisis when the bubble in paper assets unwinds. and no matter how much money they print then, it won't help a bit. however, i admit that the fiat system has it's advantages....i just don't remember what they are...<GGGG>