Re: $4.29 a gallon for diesel.


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Posted by D Sherman [72.47.153.24] on Saturday, February 25, 2012 at 23:15:22 :

In Reply to: Re: $4.29 a gallon for diesel. posted by Glen Id [72.173.87.91] on Saturday, February 25, 2012 at 21:24:36 :

You got that right. Inflation is how they're going to end up paying off the deficit by stealing our savings. There's no way out at this point.

Thinking of silver... 100 years ago a miner in the Coeur d'Alenes earned about 8 bucks for a 10 hour day. Real good wages for back then. Round it off and he was earning one ounce of silver per hour. Today a miner's making $30-$35 an hour, which is still one ounce of silver. What does that tell you about the value of a dollar?

I feel real sorry for all the people who have worked hard and saved up for their retirement and now, just as they're about to retire, they're going to lose their savings to inflation. The beauty of inflation, from the government's point of view, is nobody has to make a decision to let it happen. Congress doesn't have to vote. The president doesn't have to sign anything. It just sort of magically happens on its own. They can even make speeches about how bad it is. Maybe dust off Jerry Ford's "WIN" pins. The the fact remains that the savings you thought would last you for 20 years only last you a couple of years and then you're left with whatever sort of old-age dole the government decides to give you. It's criminal, but since it's a crime committed by NOT doing the right thing, rather than by DOING the wrong thing, nobody is responsible for it.



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