Quote:
Originally Posted by mespe
Cotton up 90% in 2010
Silver up 75% in 2010
Copper closed out in 2010 at it's highest level EVER
Coffee up 60% in 2010
Sugar up 50% in 2010
The future is bleak for the dollar. Your wages will not keep up with inflation. And Bennie Bernake wants MORE inflation, because the price of housing is still going down. Now why is this important? Because property taxes are based on property values. when property values decline, so does the localities tax base.
http://www.youtube.com/watch?v=uPg4qTNTP-E |
The CPI would be a better indicator of inflation instead of picking the four
commodities that are up the most. Most families spend a large percentage of their income on housing not cotton.
Why won't income keep up with inflation?
The Fed wants to keep house prices from falling to decrease foreclosures.
Read some financial books about the depression and see what happens when the Fed lets deflation take hold. youtube is for entertainment books are for learning.