On Apr 21, 1:07 pm, Jerry Kraus <jkraus_1...@[EMAIL PROTECTED]
> wrote:
> On Apr 21, 12:59 pm, Michae...@[EMAIL PROTECTED]
wrote:
>
>
>
> > 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.- Hide quoted text -
>
> > - Show quoted text -
>
> There has been a 50% drop in purchasing power of the dollar on
> international markets as compared to the Euro. If you are purchasing
> only American products in the United States, the drop in purchasing
> power is not as noticeable. As long as you limit yourself to
> purchasing American products in the U.S.
Once again a false argument. Most Americans have not seen a 50%
increase in the cost of the majority of the goods and services they
consume.
While 5-10% of the average families budget has seen a large price
increase, most of the budget has seen only a modest increase in cost.
The falling value of the dollar is a much bigger problem for those
im****ting goods into the US then it is for the consumer. And it acts
as a stimulus for American business. It is an issue, but it is not
our biggest issue.
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