Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (4753)	3/9/2008 3:33:34 PM
From: Tommaso	Read Replies (1) \| Respond to of 71409

Back in the 1970s, I got some help and information from Roger Babson's book, "If Inflation Comes." I cannot find my copy so I have ordered another one ($4.00 plus shipping) from abebooks.com (also available through amazon.com). It was originally published about 1937 and revised about 1942-43; I hope the 1943 edition I have ordered has all the tables of stock prices and commodities, etc. for various European countries in the 1920s. There are some wild and crazy aspects to this book (it predicts marauding bands invading homes for food, etc.) but is also a thoughtful and documented treatment by a man who had worried much about this and had a lot of practial economic experience. It turned out not to be very applicable to post-WWII USA, but was relevant in the 1970s and may be even more timely for today. I do recommend it, especially at the price. The pages will be yellow and may crumble, but it might be worth a hundred thousand times the cost. Babson was a nut, but his prediction in September 1929 ("There will be a crash, and it may be terrific") is still remembered.

To: John Vosilla who wrote (4753)	3/10/2008 12:28:55 AM
From: Archie Meeties	Read Replies (1) \| Respond to of 71409

Dollar has lost 20% of value since 2005, and I'm pretty sure bigmacs haven't changed much in that time. It might cost a few extra pennies to get to mickeyd's, and that carton of milk might have gone up a few cents. If we imported food things would be different. I agree food is too cheap in this country, but that's how it is. I think there should be a fat tax, like the cigarette tax. If your food has over some % of fat in it, it gets taxed badly. Use the proceeds to help pay medical costs.