George Matyjewicz wrote:
>
> At 12:33 AM 2/3/2001 -0500, Bob wrote:
> >Really! It's related to e-gold. :)
> >
> >Here's another reason the USD will top and gold
> >(priced in USD) will bottom, businesses moving out
> >of the US to find employees that can do the work.
> >They'll have to sell USD to buy the currency of
> >the country that they are moving to. This will
> >tend to decrease the value of the USD which will
> >buy less gold. So more USD will be needed to buy
> >the same amount of gold.
> >
> >http://aynrand.org/medialink/wholemath.shtml
>
> Stretching it a bit eh Bob? Since the Ayn Rand Origination is an
> old client, I'll have to see id that was really their intent ;-).
George,
The trend in place of the quality of the product being turned
out by government schools (or private schools) is a *big* long
term influence on the value of a fiat currency. In this case
the USD.
The *intent* of the article is *irrelevant*. Reality is what it is.
If you want to fight the iron laws of economics or the financial
markets, knock yourself out.
Here's a chart of the purchasing power of the USD:
http://www.aier.org/money.html
Not that correlation proves cause and effect, but
relate that to John Dewey's influence on education
in the US.
The "Cognitive child abuse" article is a good reason
why financial market trends can go past the point
(called false bottoms) where people would think they
would stop. The false bottoms happen partly because
many people do not understand the economic and currency
valuation impact of trends like "Cognitive child abuse",
let alone other trends.
A legal jurisdiction's (a nation's) currency valuation is
an excellent indicator of it's overall health or sickness.
Bob
"We do not live in a world where capital can be forced to invest
against its will. We do not live in a world where the marketplace
can be artificially dictated to by politicians." - Martin Armstrong
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