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Our government is intentionally keeping wages down through immigration and prices down through trade policies in order to conceal the debasement of our currency.

Man, I thought I was the ultimate cynic! (Cynicism is one of the most valuable tools we have in facing a dishonest world). I am fascinated (capital F) by this theory of yours, and never put two and two together in this way!

I intend to look into this theory more. You really may be onto something here, John. Thank you for planting an intriguing seed here (you have found fertile ground!)

I’ll get back to you ….

~ joanie

The fed is printing money like never before (The supply of dollars has increased 35% just since Bush took office - look at a chart of M3), but consumer prices and wages are not going up, they're going down. How is that possible unless cheap imports (of goods and labor) are holding the lid on inflation (for a while)?

Following this line of thinking one step further, the trade imbalance is subtractive to GDP, but government spending is additive. Is it just a coincidence that the $450 billion in deficit spending in 2003 almost exactly balances out the U.S. trade deficit for the year?

Maybe the government had to spend that much money to just to keep the GDP numbers in positive territory and conceal the devastating effects of all those cheap imports.