SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: UncleBigs who wrote (73630)11/3/2006 6:31:21 PM
From: bart13  Respond to of 110194
 
I think it only proves a small part of your point. There are too many other factors that can't be summarily discarded, like the amount of starvation and the performance of external currencies.

Ruhr coal miners also received much of their pay in gold marks and actual local commodity scrip, which goes against your point too. I hope to scare up some time in the near future to build some other charts that will show that your point is not the primary one.



To: UncleBigs who wrote (73630)11/3/2006 10:20:22 PM
From: kris b  Respond to of 110194
 
A coal miner's wages kept up because it was an essential to daily life

It wasn't just essentials. Also, it was a political issue. Germans wanted to frustrate French (war reparations) therefore they heavily subsidized the coal industry (at the expense of the other industries) when French put embargo on it.