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To: Mike M2 who wrote (117456)	8/18/2001 8:46:07 PM
From: AC Flyer	Read Replies (2) \| Respond to of 436258

Bill: Gold Eagle has a major ax to grind regarding fiat money and inflation. I respectfully repeat my request that you describe where you see inflation. My observations are that the prices of all major industrial and agricultural commodities - copper, steel, zinc, wheat, coffee - you name it - are at or near all-time lows. The PPI and CPI have moved up recently but are now headed down. Labor costs are well-contained. We have been experiencing and will continue to experience deflation, with a few exogenous exceptions.