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

To: t2 who wrote (4437)	8/13/2002 2:00:35 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

if the USdollar declines heavily, then inflation will arrive if not in the entire economy, then in every conceivable category of commodities the great majority of commodities are produced outside USA remember that a large piece of our economy is based upon exported components and products many marginal Asian exporting nations dont have the manipulative ability to defend their currencies, as Weldon pointed out, and have seen a 10-15% appreciation versus the US$ this translates into much higher import prices to US markets in June the figure was +5% on import price changes we can have diverse deflation at the same time but in goods & services, which were overproduced eventually in the USA particularly, import effects with a declining dollar will result in inflation across the board because costs will rise material costs, energy costs the growing trade gap and growing federal deficits gaurantee further substantial dollar declines and that doesnt even address the potential for foreigners selling USTBonds, which would raise our rates nationwide, and add to the cost of everything debt-related why does nobody seem to understand that goods can go down in price for a period of time, while commodities rise in price during that same period of time ??? I have talked about this concept in over 30 posted messages think electric bills, gasoline, heating costs, food costs these are commodities, whose price is rising in trend now isnt it conceivable that these costs rise while a PC, a telecom PBX switch, a cellphone, longdistance phone, an automobile all come down in price ??? then you have the OTHERS, which are seeing a rise in cost, like insurance of all types, and taxes (esp property) separate the whole economy into debt-driven and cash-driven that is Puplava's message ALL PRODUCTS DONT GO DOWN IN PRICE DURING DEFLATION this aint black & white why try so hard to make it so? DEFLATION? sure, but deflation in price of what? everything? not a chance in hell / jim