To: Terry Swift who wrote (46191 ) 12/22/1999 7:01:00 AM From: long-gone Respond to of 116837
<<Instead, target gold; thereby keeping the illusion alive that inflation is not a threat so the Fed won't take away the punchbowl which would cause this internet mania to come crashing down around their ears and take Wall Street and main street with it.>> You're right there, just an illusion, all smoke & mirrors. These guys at the top should really listen to the people again and lose the rhetoric about "the numbers from the economic indicators are always believed" and "there is no political agenda involved in the creation of economic indicators". Every economic indicator about prices paid, wages, or anything else is bent & twisted beyond all belief! Despite what many will expect, I'm not going to lay all these LIES & DECEPTION at the feet of the current administration, they simply are very good at the lies. The lack of reliability in "the numbers" began under President Bush when he began playing with definition of employment to make the numbers appear better. But of the price "Inflation" you spoke? Yes Virginia(er ah Terry), price increases exist! Any item which is not imported may well have undergone MASSIVE price inflation! Bought any REAL maple syrup of late? Higher than 8 years ago. The plain white button mushroom is up 40% over the last year! The avocado - 50% higher than 3 years ago. Fresh cilantro? 75-150% higher! Macadamia nuts? 150%higher over last 5 years. Lemon grass, 350% in two years. Anything with blue corn up 50% over last year to get the same quality. Every form of chille pepper - monster increases. All the while we must put up with the droning "there is no inflation" new age mantra. Please lie to me more Mr. Greenspan, & make the thinning market keep going up. It's the only thing supporting this WHOLE economy. The smoke & mirrors of "the market moving up is telling us everything is well" SHIT simply ain't going to hold up much longer!