A SERIES OF UNFORTUNATE ?

06/20/2010

A SERIES OF UNFORTUNATE ?

The economy is  down, the unemployment is up, prices are up to ( even as the government keeps lying to you), there is a gusher of oil at the bottom of the gulf, then we "find" rare minerals in Afghanistan and China decide to reevaluate her currency. One would wish to stick there head in the sand, and when the bad news keeps piling on, and even the good news has some real bad consequence.
 
As we have been told that the medical costs are rising at a nine percent per year rate, cost of education at the state colleges and universities up by an average of ten percent, gold is out of sight and so is the silver, the government says that the inflation is under control. Some one needs to tell these people that when the value of your assets (homes, stocks, ((cash in bank or on hand earning less interest than the rate of inflation))) is declining, ( not many people own gold and silver reserves to amount to anything, may be less than fifteen percent of the population) and the costs are rising, the inflation in general becomes huge, ask anyone trying to live on social security where the increase in benefits is less than the increase in the cost of medicare.

Then ask what is wrong with the Chinese increasing the value of their  "Yuan", is that not what we have been asking for, but then isn't what they say, " be careful what you ask for". Look in your local Wal-mart, or the Dollar general, or Lowes or Home Depot, Office Depot, whatever, everything is Made in China, as the Yuan rises so does the cost of everything you need, ah, you say but that will bring the jobs back, good luck, the Yuan (China) will still rule as it will take for ever, if ever,  for the Chinese wages to match those of the Americans, all this will do in the short run is to create inflation here, thus may be cause the interest rates to go up, or bring down the American standard of living, guess what is the more likely outcome.


LIFE IS A GAME OF CONNECT THE DOTS, IF YOU DON'T CONNECT ALL THE DOTS OR DON'T CONNECT THEM IN THE RIGHT ORDER YOU NEVER GET THE PICTURE