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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Bobby Yellin who wrote (5131)	1/3/1998 12:45:00 PM
From: PaulM	Read Replies (3) of 116759

There's an 1990 article entitled "The Rise and Fall of the CPI" at the PEI site which claims the govt delibrately understates inflation as way of making budget cuts without having to admit it. After clicking the following link, scroll down the left hand menu to "Research" and choose "Economics." Then click "The rise and fall of the CPI" in the main body of the interface. pei-intl.com From a further review of the cite, it seems pei's president believes that the U.S. defecit was brought under control primarily by savinf $250 bill by converting long term debt (at 7% at the time) to short term debt (at 5% at the time). Armstrong is convinced this will cause an national emergency in the not to distant furture.

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