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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (3845)	8/3/2002 9:22:31 PM
From: habitrail	Read Replies (1) \| Respond to of 89467

inflation is not non-existent. I just paid $9.00 for a movie. It was $8.50 only a few months ago. An $80 book I bought 6 months ago is now $100.

To: sylvester80 who wrote (3845)	8/3/2002 10:50:41 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

the next market realization is gold's deflation hedge I hear what you say but the market is digesting a lot of things among them is that gold has risen in this disinflationary envmt also, the Japan winter/spring story is making the rounds gold rose sharply amidst a steady minus 1.5-2% price envmt the link of gold rising with inflation only is another in a long list of gold undermining stories (pun intended) this will take time to bring to frontal lobe awareness the IRONY is that gold has outperformed every single sector this year and this envmt has been one of conventional CPI declining so market participants have PASSIVELY contradicted that gold inflation reqmt one does not need ACTIVE realization in order for actual gold performance to occur the lack of ACTIVE awareness excludes participation from those who require public conventional confirmation to add weight to the other counter given to you... inflation is rampant in our society I hope you dont accept CPI at face value it doesnt include property tax, insurance of car/auto, nor numerous entertainment costs, and certainly not asset values in key classes CPI includes what USGovt fuchstick deception machinists choose its purpose is to keep govt pensions and SocSecurity down and to fool mental midgets does that include YOU ??? inflation is rampant in Treasury Bonds, in Real Estate, and to some extent still in stocks and now, much to my amazement, to my BMW its value rose 40% since last autumn 1996 model 328i went from $10,500 to $15,000 according to Kelley Blue Book WOW, pleases me since I wanna sell it and buy something practical like a Toyota or Nissan pickup truck this directly addresses the imported inflation effect we will be hearing much much much more about this type of inflation watch German and European import prices this will certainly be interesting to watch try to tell Suzuki Saki Sixpack in Tokyo that gold is not a deflationary hedge I could quote you figures of its capital saving power in Japan last year, but I am tired and not sure you wish to hear evidence when your opinion has been so firm recently here is another piece of crow for you to chew on if foreigners sell USTBonds (as I suspect they soon will, and as Puplava expects soon also), then you will see rising interest rates in order to continue to attract foreign capital for funding our massive and escalating federal and trade deficits you make a critical failure in assumptions WE NO LONGER CONTROL OUR CURRENCY OR INTEREST RATES !!! since Feb2002 we lost control of the USdollar coming this autumn I believe we lose control of interest rates now wouldnt that turn out to be a sharp stick in the eye??? we will watch this continue to unfold if anything, we have learned that some things are no longer acting according to conventional accepted beliefs I expect the USdollar to run downhill again in a month or two the next downleg will bring with it much larger import price inflationary implications good luck / jimmy midget