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To: Square_Dealings who wrote (16358)	11/19/2004 9:26:12 PM
From: studdog	Read Replies (4) \| Respond to of 116555

Can anyone enlighten me concerning the drop in money supply alluded to by Marc Faber? This little fact seems to fly in the face of much that is suggested here and elsewhere regarding the value of the dollar. As I understand it, much of the criticism levied toward Greenspan is because of his "easy money" policy, which has "flooded" the world with greenbacks, ultimately leading to the dollar's collapse. But Faber refers to the fact that the money supply is actually contracting. What am I missing? Thanks Karl

To: Square_Dealings who wrote (16358)	11/19/2004 10:06:35 PM
From: mishedlo	Respond to of 116555

Pituophis on the FOOL rants about Greenspan here goes.... I think Greenspan's whines about debt and deficits at this late stage is just about the most hypocritical pile of horse poop I've heard in a long time. Greenspan had NO problem with any of the budgetary policy decision that led to this terminal deficit disease. Tax cuts. No friggin problem. Stimulus. Stimulus. Gimme some stimulus. Does he thing nobody's been paying attention to what he's been doing or say for the last 10 years??? Is this one of those things that you don't recognize til their past...like bubbbles?...and he's just now recognized it???...uh oh, that's scary... Or is it a legacy thingy - an "I'm 74 years old and I might die any time so maybe I better warn them about this deficit thing just so they won't say 'Greenspan never warned us' about the deficit'" thingy?. Whatever...I'm glad to see that he's decided once again that deficits do matter. But as usual, he's about the last person in the world to recognize the problem....