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To: orkrious who wrote (168622)5/28/2002 10:57:10 PM
From: KeepItSimple  Read Replies (2) | Respond to of 436258
 
Give the fed a break. If they don't do anything, it will mean the end of the fiat system of money altogether. Assuming that, anything they do is within the legitimate interests of national currency preservation. ANYTHING.

Greenspan recently said that even he can't define what "money" is..

He's wrong. Money is a unit of transfer that all parties are confident in.

Once the confidence is lost, it can never be regained. No fiat money system has ever lasted more than 100 years in recorded history before hyper-inflation takes hold. Why should the dollar be any different?

Just because it seems so hard to comphrehend, doesnt mean it isnt possible.

-------------

anyone notice the fed desperately bailing the boat? Added $10 Bil today.



To: orkrious who wrote (168622)5/28/2002 11:11:36 PM
From: stomper  Respond to of 436258
 
There's about 30 billion coming due the next few days. I would imagine that's why he's scatting out 10 billion in a day.

-dave