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To: stan_hughes who wrote (363307)	3/23/2008 1:38:42 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

You are right. World-wide depression is on the way then? Imagine a gold standard, and what would happen then. US gold would be long depleted, and interest rates would automatically rise, a long time ago. The Fed is out of options. The only option is systemic collapse, one way or another, deflationary debt meltdown or hyperinflationary debt monetization, or all of them at the same time. We are seeing the latter lately.

To: stan_hughes who wrote (363307)	3/23/2008 2:53:14 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

Take away the subprime crisis, the collapse of the bond insurers, the failure of banks and securities firms to support the auction market, the sudden demise of Bear Stearns Cos., maybe also $1,000 gold and $110-a-barrel oil, and you would be hearing more in the news about this investigation into the muni market. That's because this is one major story, at least as far as states and localities (and taxpayers) go. It's a pretty simple story, too. bloomberg.com