Quote:
Originally Posted by IllTestYourGirls
Well you are missing one key point oil is an import. As we see there are run away prices right now. Some say prices will go over $4.00 a gallon (some places they are already). That will cause the price of shipping within the US to go up, which causes whole sale prices to go up (last month wholesale prices had historically high inflation rates) then by default that will cause retail prices to inflate.
But you are right weak dollar is good if your job is on the internets.
|
Thing is, prices going up drives down consumption, which may well be the best thing that ever happened to the us. In the same ballpark as the average chunkass chick getting locked out of the fridge.
Quote:
Originally Posted by CarlosTheGaucho
Yes, but I doubt they are denominated at all, I doubt any exist at all and I doubt if so, that they can be called "federal" - it's nothing federal about FED..
|
Plenty exists, the US is holding some decent reserves of gold, oil, gas, uranium, rare metals, euros, yens, rubles, etc.
Quote:
Originally Posted by teomaxxx
while average Joe is going to pay for it....productive economy and average J6P is getting squeezed in order to restore bad economy aka banking sector and wallstreet. wonderful.
|
Not really. Moreover, the failure of a 9/11 holocausted wallstreet to defend average joe on the economic battlefield will result in serious assraping. Vae victis, as the word goes.