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Value Boats and the DJIA
"Charles Momsen" wrote in
: When I made my clairvoyent post on 9/25/08 about considering buying value boats for retirement the DJIA stood at 11,000. Today, just over 2 weeks later the DJIA is near 8,000 a drop of about 30%. For the year the DJIA is down about 5,000 or about 40%. If your retirement income is tied to the DJIA you've seen it drop 40% this year alone. Imagine 10 years of retirement savings up in smoke. That's 20 years of retirement you won't have. We Americans are experiencing something "new" to us....DEflation, the revaluation of our currency. Case in point. Look at the graph of the measure of value for the last 10000 years, gold: http://www.kitco.com/charts/popup/au3650nyb_.html The value of gold is fixed for at LEAST the last 10,000 years. It's the measuring stick, like it or not, of every currency on the planet. Until very recently, since the scam of the Federal Reserve Private Bank Corporation started in 1913, the banker elite have used inflation and devaluation of the currency as a way of cheating anyone making a living out of the VALUE of their labor by cranking the printing presses to dilute the value of their faux dollar. This has been going on worse and worse since 1946. (see graph of the last 10 years of it.) Gold kept skyrocketing in a log-scale scandal.....until NOW. At the end of the chart, just as gold hit $1002/oz, something popped. The people got to the point where they didn't have enough value left to keep buying the ever-increasingly-expensive goods the elite were producing. They couldn't afford to buy the $35,000 Chevy and feed it $4.50/gallon gas... Gold started wobbling, even DROPPING in price as the VALUE of the Yankee Dollars actually climbed a bit. Americans, born and raised and brainwashed by inflation, were appalled to see PRICES DROP....things started getting CHEAPER as the dollar increased in value. Gold dropped in PRICE by 25% to $750/oz! Government and banks using this scam to enrich themselves and the elite are in panic! To maintain PAR VALUE with the dropping price of gold, the value of the money climbing, prices started dropping. Oil was $140/bbl is now $88/bbl. That $400K tar paper shack on Elm Street fell to $300K, sending its owner to the cardiac clinic. His $300K house will buy just as much GOLD, the measure of value, as his $400K house would. But, brainwashed by the money changers that 10% inflation per year benefits him because it caused his house to climb in PRICE, but not really in value, he's never going to see a decrease in price as anything but FAILURE. As the depression continues, and money becomes more VALUABLE because it becomes more SCARCE, gold price falls, dispite Congress and the bankers running the printing press for each other 24/7 at full tilt, prices of everything will continue to fall....and fall....and fall.....stocks, houses, gas, BOATS, cars, apples, bread.....and my favorite, Moose Tracks Ice Cream, which was about $38/gallon but is now $2/pint! The poor ******* wage earner making $500/week finds his paycheck buying MORE food, gas, bread, clothes.....and even Moose Tracks Ice Cream...yum, yum! If he doesn't lose his job in the process, he's gonna be sitting pretty. Anyone with MONEY...CASH MONEY...had a great time in the 1930's when apples were a nickel, bread was 15c/loaf, gas was 12c to put in his new 1938 LUXURY La Salle which cost him $1,295, not $125,000! http://www.car-nection.com/yann/dbas_txt/Las1938.htm We just have to get used to a more VALUABLE dollar and FALLING prices....once again. |
#13
posted to rec.boats.cruising
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Value Boats and the DJIA
Larry wrote in news:Xns9B33C4E0A4A3Bnoonehomecom@
74.209.131.10: put in his new 1938 LUXURY La Salle which cost him $1,295, not $125,000! This is an interesting study in prices: Start here in 1927 during the boom: http://www.car-nection.com/yann/dbas_txt/Las1927.htm Price range : $2495-2685 Then, click on each year from 1927 to 1940 and watch the cars get bigger and bigger and more sophisticated and luxurious and just plain HUGE! while the prices drop like a rock during the revaluation of the currency to: http://www.car-nection.com/yann/dbas_txt/Las1940.htm Price range : $1240-$1895 Which my little $1 Chinese calculator says is HALF PRICE!! Is it any wonder the Japanese were "encourage" by the corporations to attack Pearl Harbor to drag us into BANKER-LOVING WAR?! 1940 La Salle Series 40-50 and 40-52 (L-Head 90° V-8) Bore : 3 3/8" Stroke : 4 ½" Displacement : 322 cu.in. Compression ratio : 6.25:1 Brake HP : 130 BHP @ 3400 rpm [larger Carter 2-bbl carburettor] Wheel bases : 123" and 159" (commercial chassis) Total units built : 10,380 (Series 50), 13,750 (Series 52) Grand total: 24,130 (Ackerson total: 24,133) Price range : $1240-$1895 What a beautiful car.....(c; ALL THAT CHROME! http://www.scribd.com/doc/355574/DJIA100 A most interesting chart of American History.... Right click and zoom in to see it better. |
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