Derek Joe Tennant
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Mar 18, 2007
The dollar continues to fall in value overseas, so

Listen, for a moment, to the Chinese Premier:

"Citing the hoped-for benefits of his administration's policies, Wen quoted a modern Chinese poet: "If you ask me what happiness means, I tell you to ask … a river that's no longer frozen."

 

link 

Comments:

mike (Mike Macgirvin)
March 18, 2007 15:31
mike
Joe and I were talking about this earlier. The real reason why the price of everything keeps going up isn't just because we're getting gouged by a bunch of crooks - although this is certainly a factor. The real reason is that the US dollar is in a prolonged decline against the rest of the world's monetary instruments. In the global marketplace, your paycheck is worth about half of what it was only a few years ago. 

Joe (Derek Joe Tennant)
March 18, 2007 15:39
Joe

And you can see it too, by the rising of the gas prices. It takes more US $$$$ to buy anything with every passing day. 6 May, 15000 Thai bhat costs $418. Then 3 days later, $424. 10 days later, $430. And it's been like that, though not as fast, for months.

I look forward to conversing with you next month,  Mike. Me from Thailand, you from Australia. And knowing others the world 'round peek in from time to time. Stay safe, my friend!


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the day of the Chaldeans and Babylonians. It is as phony as numerology,
phrenology, palmistry, alchemy, the reading of tea leaves, and the practice
of divination by the entrails of a goat. No serious person will buy the
notion that our lives are influenced individually by the movement of
distant planets. This is the sawdust blarney of the carnival midway.
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