Quote:
Originally posted by - Jesus Christ -
Ok... so you don't like the US charly its kinda hard to argue economics with people who want somthing to be true and have a problem with the US in gerneral.
"When those Chinese goods at Wal-Mart go up 30% in price, Americans will see inflation. The Fed will accommodate most of the inflation, but there will be a rise in interest rates. Inflation, if allowed and encouraged, will save the wage earner so he can continue to service his consumer debts. Rising interest rates will smash into housing prices like a tornado in Kansas. Homeowners who have a 30-year fixed rate mortgage will come out in the end, if they don?t have to sell their home for at least 10 years. Anyone who wants to sell their home will see some ?asset deflation?, and financial institutions will experience substantial ?debt default?. The Federal Reserve will ?print money like crazy? to fight asset deflation and encourage inflation."
http://www.gold-eagle.com/editorials...son021404.html
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That information comes from a site that wants everyone to invest in gold. If you don't think that is biased you are a fucktard.