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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (33824)	4/24/2008 2:18:33 PM
From: Maurice Winn	Respond to of 217860

BS, that's BS. <I notice 24 appeared relatively coincident with you > Check the time stamp of recommendation number 26. I am going to post this message one or possibly two seconds after giving Zim the Amazing another recommendation. That will be excellent evidence that your supposition was wrong. It would be a very low probability that somebody else would give him a recommendation at the same time. If they do, I might be number 27, but I'd bet $10 to an ounce of gold that that won't happen. Mqurice edit... my reactions are slower than I thought. That was more like 4 seconds.. Anyway, there it is. Number 26. Go have a look. See, there it is on 26.

To: Cogito Ergo Sum who wrote (33824)	4/25/2008 8:12:28 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217860

just in in-tray quote regarding monetary inflation and rising prices - which are only one of its effects - the price rises happen with a lag and are not evenly distributed through the economy. since prices of certain goods can also rise due to supply/demand issues, it often takes long before a deliberate inflationary policy is recognized as such by the public at large. the manner in which the inflationary psychology evolves has been described by von Mises thusly: "Inflation can be pursued only so long as the public still does not believe it will continue. Once the people generally realize that the inflation will be continued on and on and that the value of the monetary unit will decline more and more, then the fate of the money is sealed. Only the belief, that the inflation will come to a stop, maintains the value of the notes." note btw. that the idea that an economic slowdown automatically 'brings down inflation' is not correct if thought through properly. an economic slowdown means that fewer goods and services tend to be produced, while at the same time, the central bank will try to 'fight' it by means of inflating the money supply. thus a slowdown can well end up looking similar to the 'stagflation' situation of the 70's, where rising prices and recession go hand in hand. inflation is organized theft, and the sine qua non for various statist projects, all of which are harmful to the citizenry. a few more quotes by von Mises on inflation: "Inflation and credit expansion, the preferred methods of present day government openhandedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer." "It would be a serious blunder to neglect the fact that inflation also generates forces which tend toward capital consumption. One of its consequences is that it falsifies economic calculation and accounting. It produces the phenomenon of illusory or apparent profits." "The advocates of public control cannot do without inflation. They need it in order to finance their policy of reckless spending and of lavishly subsidizing and bribing the voters." "One can say without exaggeration that inflation is an indispensable intellectual means of militarism. Without it, the repercussions of war on welfare would become obvious much more quickly and penetratingly; war-weariness would set in much earlier." "Inflation is the fiscal complement of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism." "Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties." unquote