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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (367511)1/20/2008 11:29:56 PM
From: tejek  Read Replies (1) of 1571423
 
Yes, I hear you, but I recently read an article that up to 50% of the current price of oil can be linked to the decline in the value of the dollar. That is an interesting statistic, because what it tells us is that the U.S. is getting significantly poorer due to our really bad monetary, fiscal, and trade policies.

So my thought was that this is a zero-sum game, meaning that if we are getting poorer, then others are getting richer...if our currency is declining, then other currencies are rising and their purchasing power of worldwide goods and services must be rising with their currencies. So as we experience inflation, those other countries may be experiencing deflation. Or is the demand and supply picture getting pressured enough to more than offset relative currency gains?

If your currency is growing in value and your economy is sound, then the real danger is inflation, not deflation.
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