Re: Sorry, we are out of gold and silver

On Thu, 21 Aug 2008 16:42:54 +0000 (UTC),
EskWIRED@xxxxxxxxxxxxxxxxxxx wrote:

In misc.survivalism, Robert Sturgeon <rsturge@xxxxxxxxxxx> wrote:
On Thu, 21 Aug 2008 02:01:59 +0000 (UTC),
EskWIRED@xxxxxxxxxxxxxxxxxxx wrote:

In misc.survivalism, Strabo <strabo@xxxxxxxxxxxxxx> wrote:

However, over the next five years the cost of most goods and services
will drop throughout the world economies. But before this happens
those costs will go higher than they are today.

Why do you think that prices will drop?

I think they will drop -- because the Fed is not increasing
the money supply. I don't know whether that's because they
can't, or don't want to.

Isn't that their main weapon against inflation?

So do you think that they will overshoot, and cause deflation? Even with
rising worldwide commodity prices and a dollar which has lost value on
the intenational monetay exchanges??

Danged if I know. But they are not, in fact, increasing the
money supply -- for whatever reason.

--
Robert Sturgeon
Alcohol, Tobacco & Firearms should be a convenience store, not a government agency.
http://www.vistech.net/users/rsturge/
.

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