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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (12420)	4/22/2004 9:46:14 AM
From: SOROS	Read Replies (2) \| Respond to of 110194

Doesn't the simple fact of what a DOLLAR buys now in actual goods compared to 1990, 1980, 1970, 1960 say it all? No matter how a dollar compares with other currencies, the printing presses have destroyed the VALUE of a dollar. It is only because stock prices are so inflated that people have gazillions of these worthless dollars to FEEL wealthy. The relation of gold to goods has remained pretty constant for 50 years. $100 in 1960 is no where near $100 today. The $100 today would buy about $13 in stuff in 1960. Something is wrong with that. I remain, SOROS