Quote:
Originally Posted by Brian Carlton
When you borrow $.35 of every dollar you spend, the ship is definitely sinking.
It's a big ship, however, and it will take a bit of time, but have no misunderstanding about the fact that the ship is sinking.
If you went over to a grocery store and compared the prices to the prices of four years ago, you'll understand what the wholesale printing of money has caused.
Inflation is now running rampant due to the devaluation of the dollar, and the public is too stupid to understand it.
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Is it really? Except for the price of petroleum products, I haven't noticed that much of a change in consumer prices. The cost of borrowing certainly has gone down, I'm thinking about refinancing my home for the third time in four years, this time for a rate of about 3%, which everyone tells me is pretty low.