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To: waverider who wrote (21970)	5/14/1998 1:10:00 PM
From: Thomas M.	Read Replies (2) \| Respond to of 95453

Wake up and smell the coffee. Worldwide money supply is growing at the fastest rate in recorded history. That money is sloshing around in stock and bond markets around the globe. Asset inflation is the story of this economic cycle. Tom

To: waverider who wrote (21970)	5/14/1998 4:36:00 PM
From: Broken_Clock	Read Replies (5) \| Respond to of 95453

OT Diamond, <<The steady, market controlled creep of prices over the long haul you mention is a normal trend in healthy, expanding economies such as ours.>> Of course the government would like you to believe that! If you believe that the FED isn't melting the presses this past year then you just don't know the facts. Sorry my friend. 2nd point...The tax rate for the average middle class worker 20 years ago probably capped out at 15%. Today, 28% is probably normal. We won't include State, local, property, gasoline taxes, health care, etc. The simple gage is the "Tax Freedom" day which has moved from Feb. to May! It is pretty easy to see that you work longer now to pay your taxes...Tax inflation with monetary inflation = disaster. The smoke & mirrors economy of the USA can not continue indefinitely. We have used our military & financial might to bully the 2nd & 3rd world economies into propping up our lifestyle...cheap oil and imports have appeased the masses of the USA. Go into just about any store...what tangible goods do we actually produce here in the USA anymore? Even 60% of our produce is imported. We have become addicted to cheap imports. Think about 1974 and the oil embargo. Think that was an isolated incident? Our policies will bite us in the ass eventually. The countries that we rape hate the policies of the USA. My views may be unpopular, but history has a nasty habit of repeating itself. Look at any empire in history thattook advanyage of its neighbors. They all fell eventually. Why would we be different? People and their motives are the same and people make history, therefore history will once again repeat....(IMHO with a sad grin)