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

To: orkrious who wrote (45046)	11/8/2005 12:00:14 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

you must believe the gov't stats on inflation. well, that's called "moving the goalposts"--after i showed how ludicrous Ron Paul's argument is, just pretend that the basis of the debate (measured rate of inflation) doesn't matter, even though it's the same basis upon which Ron Paul made his statement that a 1987 dollar is worth only 55 cents. in any case, i certainly believe the people who wrote Triumph of the Optimists over the gold hypesters. But J6P is getting smoked, as the cost of everything they buy is going up and their wages are going down. do you think J6P wage problems are due to interest rates? i see J6P getting smoked by China as well as secular loss of labor power and rise of the kleptoplutocracy in the US, and there is probably nothing that any currency can do about it. certainly a really strong currency would not help them, unless by help one means high unemployment that could bring about a socialist revolution, if one thinks socialism would help. but it is incorrect to say the cost of everything they buy is going up. many items today are much cheaper in real terms than they were 20 years ago--basically everything made by Chinese slave labor instead of US unions back in the "good old days".