<Are we debating value of the USD?>
Absolutely, and we can debate value anyway you wish, that's fair game, in fact it's the only game. Again though Webster's definition is close to mine. I'm funny that way because it focuses the mind(s).
Value: "equivalent worth in money, material, or service".
Inflation: "a steady rise in the level of prices, and a resulting loss in the value of currency"
<Then again are we addressing what has happened to any or all of those or are we debating what I believe is likely to happen>
You might and did say that a year and half ago, last year, six months ago. Meanwhile a lot of inflation (that I predicted) is flushing through the system. I don't see anything having changed either, other than a brief four month USD defense (Dec. 2004- April, 2005), that I repeatedly (nearly daily) identified as such. That's appears over, and Uncle Ernie is back. So yes, to answer your question, I'm talking the foreseeable future, and in fact always have. |
