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Passions in Poetry

Is it Just Jewel

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Huan Yi
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since 10-12-2004
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Waukegan


0 posted 11-25-2011 08:52 AM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


Or has the price of basic foodstuffs
gone up significantly, (20%), everywhere
in the past year or so?  If everywhere,
why?


.
Local Rebel
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since 12-21-1999
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Southern Abstentia


1 posted 12-02-2011 05:13 PM       View Profile for Local Rebel   Email Local Rebel   Edit/Delete Message      Find Poems  View IP for Local Rebel

speculation
Huan Yi
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since 10-12-2004
Posts 6334
Waukegan


2 posted 12-02-2011 05:23 PM       View Profile for Huan Yi   Email Huan Yi   Edit/Delete Message      Find Poems  View IP for Huan Yi

.


Speculation as to what?   Maybe itís the dollar
that got less valuable through its printing.
.
Local Rebel
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since 12-21-1999
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3 posted 12-03-2011 01:18 AM       View Profile for Local Rebel   Email Local Rebel   Edit/Delete Message      Find Poems  View IP for Local Rebel

speculation on crude and commodities
Bob K
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since 11-03-2007
Posts 3860


4 posted 12-05-2011 12:57 AM       View Profile for Bob K   Email Bob K   Edit/Delete Message      Find Poems  View IP for Bob K



     Is there any evidence you know about to support your theory that the money supply is increasing, John?

     I think such a statement makes more sense in a currency that is directly backed by some standard substance ó gold is the usual.  If you look at our currency, it says, as I recall, "backed by the full faith and confidence of the United States Government."  In a quick scan of five One dollar bills and a Ten dollar bill, I see no evidence of that right now, but the principle remains the money is worth what it says it is because people believe that it's worth that much, and most of the world agrees within a narrow range.

     We are willing to trade our dollars for our goods at that rate.

     Why are we spending more money for food?  

     Wish I could tell you for sure.  I know that the food costs more, and that jacks up the prices we pay.  I know that much because I have to buy gasoline like everybody who eats in this country and doesn't grow all their own food.  We buy the gasoline to ship that food from point A to point B, and we pay the cost of hauling the gasoline from the point of origin to one of the refineries in this country and then to local distributorships.  

     We are also paying for not having the sort of regulatory controls we once had that prevented large ups and downs in markets in general and in specific for markets in commodities and power.  This is the sort of unregulated marketplace that the right wing has been pushing for during the past thirty years, and the sort of worries that are being pushed to the fore in this thread are the natural outcome of such policies.  That's what I think, John.
    
 
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