tag:blogger.com,1999:blog-27697009.post2750789685783907172..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Perceived Reality reprintedJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27697009.post-73052841975741084422007-10-05T19:53:00.000-07:002007-10-05T19:53:00.000-07:00Hi Anon 8:32Gas dropped to $2.40 around here a few...Hi Anon 8:32<BR/><BR/>Gas dropped to $2.40 around here a few months back, and now it's back up to $2.86 a gallon.<BR/><BR/>If you look at wheat, gold and oil as having a fixed value. it is our currency that has depreciated 50%.<BR/><BR/>It now takes two dollars to buy what one dollar use to buy.<BR/><BR/>It's kind of like having only a half quart of whiskey and you need a full quart. Pour some water in the bottle to make a quart. The government taxes you on your income and what it doesn't raise, it prints. As with the bottle of whiskey, you wonder why you aren't falling down drunk, the booze has lost its kick. <BR/><BR/>Inflation taxation is rather neat as far as your Congressional Twit/Representative is concerned. With inflation you fall into a higher income and that produces more taxes. The only problem this time is that wages are not rising, tax revenues are falling, there is an additional oil tax paid to foreigners, and there is a surge in unemployment, housing, people retiring etc.<BR/><BR/>Everyone is tossing around the words "Perfect Storm." I would suggest the words "Meat Grinder," implies a little more realism as for a projection of what lies ahead.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-33264172243550977052007-10-05T08:32:00.000-07:002007-10-05T08:32:00.000-07:00Jim, if you could, would you put your tin foil hat...Jim, if you could, would you put your tin foil hat on and consider this: Gold hits a 27 yr high, dollar hits an all time low, wheat hits an all time high, a barrel of oil hits an all time high...Gasoline at the pump in my hometown continues to fall in price??? Any ideas of why this is? Maybe there is a reasonable explanation for this, and I`m not sharp enough to figure it out. Thanks in advance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-46364525443080617652007-10-03T23:11:00.000-07:002007-10-03T23:11:00.000-07:00Hi AnonThank you --your comments are my paycheck. ...Hi Anon<BR/><BR/>Thank you --your comments are my paycheck. Glad you like it.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-29467410136855006572007-10-03T17:35:00.000-07:002007-10-03T17:35:00.000-07:00I'm enjoying your writings. It is very refreshing ...I'm enjoying your writings. It is very refreshing to find a voice of reason that challenges the conventional wisdom. Keep up the good work.Anonymousnoreply@blogger.com