On Apr 16, 12:01 pm, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
> On Apr 16, 10:30 am, ZerkonX <Z...@[EMAIL PROTECTED]
> wrote:
>
> > On Tue, 15 Apr 2008 08:27:34 -0700, Jerry Kraus wrote:
> > > The patterns are strikingly parallel from the beginning of the
century
> > > up to the 1970s.
>
> > Gold Standard go bye-bye. Money becomes separated from a referenced
value
> > standard to a value determined by control and manipulation.
>
> > The rest, as they say, is history.
>
> It's curious how people in the U.S. say we're not in a "Bear Market",
> when the value of the U.S. currency has dropped by 50% in the last
> five years on international money markets, and the Stock Market is
> just about at the same level it was five years ago. That's a 50% drop
> in effective market capitalization. Not counting inflation.
American (who are not involved in currency exchange hysteria) do not
measure their wealth based off of the Euro.
The measure it based off of what in can buy for them. There has not
been a 50% drop in purchasing power.
|
