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On Thu, 04 Dec 2003 05:34:37 GMT, Fred Ziffel wrote:
Bull****! Our industrial base has been largely closed down, exported, and sold off. We have been put at a disadvantage in our own market. If that were true (it isn't) how do you explain that the value of US manufactured goods has increased 12.7% since 1997? (Source http://www.nemw.org/mfgfact.htm ) If our industrial base has been largely closed down, who is making those products? It has nothing to do with "economic standing." The only reason we continue to get away with this insane situation is because the dollar is the worlds reserve currency (temporarily), and the financial fascists that run America can continue to inflate the money supply and give us the illusion of prosperity. Inflation? The US inflation rate for November was -4.2%. In other words, there is no inflation, we're still experiencing *deflation*. The CPI shows an overall decline since 1993. See http://data.bls.gov/servlet/SurveyOu...=C U_cpibrief Even Warren Buffet seems to agree with this author. Is he just "another leftist" drawing "unrelated conclusions" to promote his "not-so-hidden agenda?" snip Because our exports total about $80 billion a month, ICs would be issued in huge, equivalent quantities -- that is, 80 billion certificates a month -- and would surely trade in an exceptionally liquid market. Buffet is a securities trader, so of course he'd favor another way of paper trading. Money in his pocket. But it would just be another layer of middlemen profiting on trade, without any benefit to either producer or consumer. Gary |
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