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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (38667)	10/6/2005 10:05:30 PM
From: orkrious	Respond to of 116555

Truer words were never spoken but unfortunately the evidence is clear that Fisher has no idea what he even said. Our money right now is undetermined, backed by nothing and printed at will. Congressional spending is running amok and the purchasing power of the US dollar is based only on the faith of those willing to accept it. It is clear to me that Fisher was arguing for a return to the gold standard. Unfortunately he doesn't have the slightest clue about what he was really saying. well said