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Posted by t@t.com on October 23, 2007, 2:34 pm
Please log in for more thread options > >I didn't get my point across, or I misunderstood what you are saying. I'm
>> with you, the current administration is going for short term gains in
>> popularity, but the US will lose long term as a result of the current
>> financial and foreign policies.
>
> How our currency is regulated is not a function of the White House. Although
some would say Greenspan was influenced by former
> Presidents. I think some of Greenspan's biggest blunders were under Clinton.
I'm not tying the two in any way, but the point is
> we have a reasonable separation in how the dollar is regulated and the
policies set for the nation.
>
> But back on topic... was there something wrong with the rate of networth
change trend feature request? Do you feel it should be
> tracked and compared to various curencies so you know your networth in various
curencies? Seems interesting and could be useful.
>
> Scott
I think Han's making an excellent point -- if you really want to know your
worth, you need a real benchmark. You have to decide if
the dollar is a useful one.
The assumption that a dollar is worth a dollar is certainly useful for this
administration. This evaporation of value is how the
Iraq war is being paid for without anyone noticing. Few people even know that
the dollar has gone from $1.42 to $.85, and fewer
still care. But if their _salaries_ dropped from $142K to $85K over the same
period (or multiplied by some coefficient), there
would rioting in the streets.
Yet that's exactly what's happening...silently.
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