To: PghBaldy
If the idiotic Fed had paid attention to what the price of gold was saying (nearly tripled in 5-6 years), the bubble wouldn't have gotten so big, and other costs wouldn't be rising so much.
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We all focus on the fed on the interest side but the real slight of hand comes in the magic they play with the money supply side. The real problem is not just a housing bubble, but the huge dollar glut that is inflating the currency. That is what gold and its cousin black gold have been telling us with their rapid increases.
To: photodawg
Yes. Pries for art and collectibles have gone through the roof too, another indicator of too much fiat money.
138 posted on
11/21/2006 7:11:23 PM PST by
PghBaldy
(Reporter: Are you surprised? Nancy Pelosi: No. My eyes always look like this.)
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