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The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. |
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Ron Paul want's to go back on the Gold Standard. Due to Inflation. I think
it's a good idea. "cavelamb" wrote in message m... The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. |
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cavelamb wrote:
wrote: Ron Paul want's to go back on the Gold Standard. Due to Inflation. I think it's a good idea. "cavelamb" wrote in message m... The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. As we have discussed here in the (recent) past.... It's simply not possible. There is just not enough gold to cover the money in circulation. I keep and eye on the spot price as a "Panic Index". And people are definitely in a full arm-waving panic! I remember when this happened with POGS, and for the same reason. Ammunition seems to be folowing a similar trend. It's really something when five percent of the adult population reverts to behaving like thirteen year old's. -- John R. Carroll |
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"John R. Carroll" wrote:
It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Ammo does seem to have more lasting value than our currency atm. Wes -- "Additionally as a security officer, I carry a gun to protect government officials but my life isn't worth protecting at home in their eyes." Dick Anthony Heller |
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On 2009-09-13, Wes wrote:
"John R. Carroll" wrote: It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Ammo does seem to have more lasting value than our currency atm. This all depends on the price you pay. If you pay much more than the cost to manufacture ammo, eventually you will lose money. i |
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On Sun, 13 Sep 2009 15:34:42 -0500, the infamous Ignoramus21664
scrawled the following: On 2009-09-13, Wes wrote: "John R. Carroll" wrote: It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Ammo does seem to have more lasting value than our currency atm. This all depends on the price you pay. If you pay much more than the cost to manufacture ammo, eventually you will lose money. Figure in the satisfaction of use and you always have a winner, Ig. -- Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other. --Ronald Reagan |
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On 2009-09-14, Larry Jaques novalidaddress@di wrote:
On Sun, 13 Sep 2009 15:34:42 -0500, the infamous Ignoramus21664 scrawled the following: On 2009-09-13, Wes wrote: "John R. Carroll" wrote: It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Ammo does seem to have more lasting value than our currency atm. This all depends on the price you pay. If you pay much more than the cost to manufacture ammo, eventually you will lose money. Figure in the satisfaction of use and you always have a winner, Ig. There are many great ways to spend money and have fun, but I would not call it investing. I have many thousands of rounds of certain kinds of ammo. i |
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"Ignoramus21664" wrote I have many thousands of rounds of certain kinds of ammo. i Be careful. Big Brother may be watching ............. |
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The New York Index spiked over $1010 per ounce today - twice.
Great. That means more rude, greedy tourists are coming to tresspass. Hopefully the weather will change and the water levels will go up in the creeks. -- Stupendous Man, In the "Mother Lode" |
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On Sun, 13 Sep 2009 22:50:31 -0500, the infamous Ignoramus21664
scrawled the following: On 2009-09-14, Larry Jaques novalidaddress@di wrote: On Sun, 13 Sep 2009 15:34:42 -0500, the infamous Ignoramus21664 scrawled the following: On 2009-09-13, Wes wrote: "John R. Carroll" wrote: It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Ammo does seem to have more lasting value than our currency atm. This all depends on the price you pay. If you pay much more than the cost to manufacture ammo, eventually you will lose money. Figure in the satisfaction of use and you always have a winner, Ig. There are many great ways to spend money and have fun, but I would not call it investing. I have many thousands of rounds of certain kinds of ammo. Insurance is investing. Insurance takes all kinds of forms. -- "To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical." -- Thomas Jefferson |
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On Mon, 14 Sep 2009 07:10:05 -0700, Larry Jaques
wrote: On Sun, 13 Sep 2009 22:50:31 -0500, the infamous Ignoramus21664 scrawled the following: On 2009-09-14, Larry Jaques novalidaddress@di wrote: On Sun, 13 Sep 2009 15:34:42 -0500, the infamous Ignoramus21664 scrawled the following: On 2009-09-13, Wes wrote: "John R. Carroll" wrote: It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Ammo does seem to have more lasting value than our currency atm. This all depends on the price you pay. If you pay much more than the cost to manufacture ammo, eventually you will lose money. Figure in the satisfaction of use and you always have a winner, Ig. There are many great ways to spend money and have fun, but I would not call it investing. I have many thousands of rounds of certain kinds of ammo. Insurance is investing. Insurance takes all kinds of forms. Indeed it does. Gunner, with a round or three, neatly tucked away...... "Lenin called them "useful idiots," those people living in liberal democracies who by giving moral and material support to a totalitarian ideology in effect were braiding the rope that would hang them. Why people who enjoyed freedom and prosperity worked passionately to destroy both is a fascinating question, one still with us today. Now the useful idiots can be found in the chorus of appeasement, reflexive anti-Americanism, and sentimental idealism trying to inhibit the necessary responses to another freedom-hating ideology, radical Islam" Bruce C. Thornton, a professor of Classics at American University of Cal State Fresno |
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On Sun, 13 Sep 2009 09:01:24 -0800, John R. Carroll wrote:
cavelamb wrote: wrote: Ron Paul want's to go back on the Gold Standard. Due to Inflation. I think it's a good idea. There is no apostrophe in "wants". "cavelamb" wrote in message m... The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. As we have discussed here in the (recent) past.... It's simply not possible. There is just not enough gold to cover the money in circulation. I keep and eye on the spot price as a "Panic Index". And people are definitely in a full arm-waving panic! I remember when this happened with POGS, and for the same reason. Ammunition seems to be folowing a similar trend. It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Not to mention the 51% that are behaving like three-year-olds. (BTW, the apostrophe is also inappropriate in this context.) Thanks, Rich |
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On Mon, 14 Sep 2009 07:10:05 -0700, Larry Jaques wrote:
Insurance is investing. Insurance takes all kinds of forms. Insurance is an insane form of gambling. The only way to win is to lose. Cheers! Rich |
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Richard the Dreaded Libertarian wrote:
On Sun, 13 Sep 2009 09:01:24 -0800, John R. Carroll wrote: cavelamb wrote: wrote: Ron Paul want's to go back on the Gold Standard. Due to Inflation. I think it's a good idea. There is no apostrophe in "wants". "cavelamb" wrote in message m... The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. As we have discussed here in the (recent) past.... It's simply not possible. There is just not enough gold to cover the money in circulation. I keep and eye on the spot price as a "Panic Index". And people are definitely in a full arm-waving panic! I remember when this happened with POGS, and for the same reason. Ammunition seems to be folowing a similar trend. It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Not to mention the 51% that are behaving like three-year-olds. (BTW, the apostrophe is also inappropriate in this context.) Thanks, Rich The three year olds are doing it again today. A 20 dollar surge! |
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cavelamb wrote:
Richard the Dreaded Libertarian wrote: On Sun, 13 Sep 2009 09:01:24 -0800, John R. Carroll wrote: cavelamb wrote: wrote: Ron Paul want's to go back on the Gold Standard. Due to Inflation. I think it's a good idea. There is no apostrophe in "wants". "cavelamb" wrote in message m... The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. As we have discussed here in the (recent) past.... It's simply not possible. There is just not enough gold to cover the money in circulation. I keep and eye on the spot price as a "Panic Index". And people are definitely in a full arm-waving panic! I remember when this happened with POGS, and for the same reason. Ammunition seems to be folowing a similar trend. It's really something when five percent of the adult population reverts to behaving like thirteen year old's. Not to mention the 51% that are behaving like three-year-olds. (BTW, the apostrophe is also inappropriate in this context.) Thanks, Rich The three year olds are doing it again today. A 20 dollar surge! They are indeed. How many POGS would could I interest you in? -- John R. Carroll |
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cavelamb wrote:
The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. Wow! Today we are seeing $1050! somebody try to convince me there is not some kind of artificial push going on here!?!? |
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On 2009-10-07, cavelamb wrote:
cavelamb wrote: The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. Wow! Today we are seeing $1050! somebody try to convince me there is not some kind of artificial push going on here!?!? What is an artificial push? If a number of moneyed players decide to buy it because they expect the price to rise, is that artificial? i |
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On Oct 7, 6:23*pm, cavelamb wrote:
cavelamb wrote: The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. Wow! Today we are seeing $1050! somebody try to convince me there is not some kind of artificial push going on here!?!? AFAIK 2 grams still equals a barrel of oil. jsw |
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Jim Wilkins wrote:
On Oct 7, 6:23 pm, cavelamb wrote: cavelamb wrote: The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. Wow! Today we are seeing $1050! somebody try to convince me there is not some kind of artificial push going on here!?!? AFAIK 2 grams still equals a barrel of oil. jsw Oh... http://blogs.abcnews.com/thenote/200...year-2009.html |
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Ignoramus30647 wrote:
On 2009-10-07, cavelamb wrote: cavelamb wrote: The New York Index spiked over $1010 per ounce today - twice. Closing price was about $1005. Wow! Today we are seeing $1050! somebody try to convince me there is not some kind of artificial push going on here!?!? What is an artificial push? If a number of moneyed players decide to buy it because they expect the price to rise, is that artificial? Are any of them named Hunt? |
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Yepper!
Dollar Woes + Gold Spike = Political Opportunity The price of gold is up, the value of the dollar is dropping, and some conservatives are blaming it on President Obama and congressional Democrats. A Heritage Foundation blog post calls the news a warning to Obama and Congress "that they are spending too much money." On Facebook, former VP candidate Sarah Palin wrote: "We can see the effect of (out-of-control debt) in the price of gold, which hit a record high today in response to fears about the weakened dollar." RedState.com recently quipped that "The Dollar is the New Peso," while RightSideNews.com (which describes itself as fending off "threats against Western civilization"), worries about the dollar becoming a second-rate currency. http://www.cbsnews.com/blogs/2009/10...ctionContent.7 |
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On 2009-10-08, cavelamb wrote:
Yepper! Dollar Woes + Gold Spike = Political Opportunity The price of gold is up, the value of the dollar is dropping, and some conservatives are blaming it on President Obama and congressional Democrats. A Heritage Foundation blog post calls the news a warning to Obama and Congress "that they are spending too much money." On Facebook, former VP candidate Sarah Palin wrote: "We can see the effect of (out-of-control debt) in the price of gold, which hit a record high today in response to fears about the weakened dollar." RedState.com recently quipped that "The Dollar is the New Peso," while RightSideNews.com (which describes itself as fending off "threats against Western civilization"), worries about the dollar becoming a second-rate currency. http://www.cbsnews.com/blogs/2009/10...ctionContent.7 Cavelamb, while there is a lot of merit to your thinking, I would personally be a little careful in evaluating consequences of the falling dollar. If the dollar falls, and yet the US avoids massive inflation, this could actually be good for many industries and people who are employed there. i |
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Ignoramus19678 wrote:
On 2009-10-08, cavelamb wrote: Yepper! Dollar Woes + Gold Spike = Political Opportunity The price of gold is up, the value of the dollar is dropping, and some conservatives are blaming it on President Obama and congressional Democrats. A Heritage Foundation blog post calls the news a warning to Obama and Congress "that they are spending too much money." On Facebook, former VP candidate Sarah Palin wrote: "We can see the effect of (out-of-control debt) in the price of gold, which hit a record high today in response to fears about the weakened dollar." RedState.com recently quipped that "The Dollar is the New Peso," while RightSideNews.com (which describes itself as fending off "threats against Western civilization"), worries about the dollar becoming a second-rate currency. http://www.cbsnews.com/blogs/2009/10...ctionContent.7 Cavelamb, while there is a lot of merit to your thinking, I would personally be a little careful in evaluating consequences of the falling dollar. If the dollar falls, and yet the US avoids massive inflation, this could actually be good for many industries and people who are employed there. i I do understand what you are saying, Ig. But tell me how this is not going to lead to deflation??? |
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On 2009-10-08, cavelamb wrote:
Ignoramus19678 wrote: On 2009-10-08, cavelamb wrote: Yepper! Dollar Woes + Gold Spike = Political Opportunity The price of gold is up, the value of the dollar is dropping, and some conservatives are blaming it on President Obama and congressional Democrats. A Heritage Foundation blog post calls the news a warning to Obama and Congress "that they are spending too much money." On Facebook, former VP candidate Sarah Palin wrote: "We can see the effect of (out-of-control debt) in the price of gold, which hit a record high today in response to fears about the weakened dollar." RedState.com recently quipped that "The Dollar is the New Peso," while RightSideNews.com (which describes itself as fending off "threats against Western civilization"), worries about the dollar becoming a second-rate currency. http://www.cbsnews.com/blogs/2009/10...ctionContent.7 Cavelamb, while there is a lot of merit to your thinking, I would personally be a little careful in evaluating consequences of the falling dollar. If the dollar falls, and yet the US avoids massive inflation, this could actually be good for many industries and people who are employed there. I do understand what you are saying, Ig. But tell me how this is not going to lead to deflation??? You meant inflation? If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. i |
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cavelamb wrote:
Ignoramus19678 wrote: On 2009-10-08, cavelamb wrote: Yepper! Dollar Woes + Gold Spike = Political Opportunity The price of gold is up, the value of the dollar is dropping, and some conservatives are blaming it on President Obama and congressional Democrats. A Heritage Foundation blog post calls the news a warning to Obama and Congress "that they are spending too much money." On Facebook, former VP candidate Sarah Palin wrote: "We can see the effect of (out-of-control debt) in the price of gold, which hit a record high today in response to fears about the weakened dollar." RedState.com recently quipped that "The Dollar is the New Peso," while RightSideNews.com (which describes itself as fending off "threats against Western civilization"), worries about the dollar becoming a second-rate currency. http://www.cbsnews.com/blogs/2009/10...ctionContent.7 Cavelamb, while there is a lot of merit to your thinking, I would personally be a little careful in evaluating consequences of the falling dollar. If the dollar falls, and yet the US avoids massive inflation, this could actually be good for many industries and people who are employed there. i I do understand what you are saying, Ig. But tell me how this is not going to lead to deflation??? America will simply end up "enjoying" a different standard of living. -- John R. Carroll |
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"John R. Carroll" wrote in rec.crafts.metalworking:
America will simply end up "enjoying" a different standard of living. "Enjoy" isn't the word - the word is "SUFFER". -- I used to be an anarchist but had to give it up: _far_ too many rules. |
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Ignoramus19678 wrote in
rec.crafts.metalworking: You meant inflation? He does. If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. You must be either v-e-r-y young or suffer from long-term memory loss if you can't remember the massive inflation that the Democrats initiated under Johnson: prices skyrocketed and never came down ($2,500 new cars went to $25,000; soft drinks went from $.10 to $1.00; Property taxes went into orbit; Interest Rates tripled for borrowers but dropped for depositers/investors; etc.) and continue to go through the roof. Your "One Time Effect" began in the late '60s and continues... -- I used to be an anarchist but had to give it up: _far_ too many rules. |
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Eregon wrote:
"John R. Carroll" wrote in rec.crafts.metalworking: America will simply end up "enjoying" a different standard of living. "Enjoy" isn't the word - the word is "SUFFER". WHich is why I put it in quotes. Welcome to ChinArica. -- John R. Carroll |
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Eregon wrote:
Ignoramus19678 wrote in rec.crafts.metalworking: You meant inflation? He does. If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. You must be either v-e-r-y young or suffer from long-term memory loss if you can't remember the massive inflation that the Democrats initiated under Johnson: Actually, he was an infant living in the USSR at the time. -- John R. Carroll |
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John R. Carroll wrote:
cavelamb wrote: Ignoramus19678 wrote: On 2009-10-08, cavelamb wrote: Yepper! Dollar Woes + Gold Spike = Political Opportunity The price of gold is up, the value of the dollar is dropping, and some conservatives are blaming it on President Obama and congressional Democrats. A Heritage Foundation blog post calls the news a warning to Obama and Congress "that they are spending too much money." On Facebook, former VP candidate Sarah Palin wrote: "We can see the effect of (out-of-control debt) in the price of gold, which hit a record high today in response to fears about the weakened dollar." RedState.com recently quipped that "The Dollar is the New Peso," while RightSideNews.com (which describes itself as fending off "threats against Western civilization"), worries about the dollar becoming a second-rate currency. http://www.cbsnews.com/blogs/2009/10...ctionContent.7 Cavelamb, while there is a lot of merit to your thinking, I would personally be a little careful in evaluating consequences of the falling dollar. If the dollar falls, and yet the US avoids massive inflation, this could actually be good for many industries and people who are employed there. i I do understand what you are saying, Ig. But tell me how this is not going to lead to deflation??? America will simply end up "enjoying" a different standard of living. OOooo. We havin' some fun now, boss~ |
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Eregon wrote:
Ignoramus19678 wrote in rec.crafts.metalworking: You meant inflation? He does. If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. You must be either v-e-r-y young or suffer from long-term memory loss if you can't remember the massive inflation that the Democrats initiated under Johnson: prices skyrocketed and never came down ($2,500 new cars went to $25,000; soft drinks went from $.10 to $1.00; Property taxes went into orbit; Interest Rates tripled for borrowers but dropped for depositers/investors; etc.) and continue to go through the roof. Your "One Time Effect" began in the late '60s and continues... so solly - me bad... Yes, In-, not De-. I had empty brain syndrome again... Prices coming down would be de-. (re above) Well, I've got it straightened out now. Won't have to worry about DEflation, will we... |
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F. George McDuffee wrote:
On Thu, 08 Oct 2009 12:20:42 -0500, cavelamb wrote: Yepper! Dollar Woes + Gold Spike = Political Opportunity ======== also see http://www.politico.com/news/stories/1009/28091.html Unka' George [George McDuffee] It worries me, George, that people would buy gold at the highest price it has ever been - as a hedge against dollars losing value. Isn't that kind of a cause/effect/cause loop? It makes no sense. Richard |
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On Thu, 8 Oct 2009 14:46:30 -0800, "John R. Carroll"
wrote: Eregon wrote: "John R. Carroll" wrote in rec.crafts.metalworking: America will simply end up "enjoying" a different standard of living. "Enjoy" isn't the word - the word is "SUFFER". WHich is why I put it in quotes. Welcome to ChinArica. Merely a necessary correction to an unsustainable condition :-) Mark Rand RTFM |
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"John R. Carroll" wrote in rec.crafts.metalworking:
Eregon wrote: Ignoramus19678 wrote in rec.crafts.metalworking: You meant inflation? He does. If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. You must be either v-e-r-y young or suffer from long-term memory loss if you can't remember the massive inflation that the Democrats initiated under Johnson: Actually, he was an infant living in the USSR at the time. Johnson was NOT living in the USSR but in that hotbed of Socialist Stupidity known as "The Funny Farm On The Potomac"! -- I used to be an anarchist but had to give it up: _far_ too many rules. |
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"cavelamb" wrote in message m... F. George McDuffee wrote: On Thu, 08 Oct 2009 12:20:42 -0500, cavelamb wrote: Yepper! Dollar Woes + Gold Spike = Political Opportunity ======== also see http://www.politico.com/news/stories/1009/28091.html Unka' George [George McDuffee] It worries me, George, that people would buy gold at the highest price it has ever been - as a hedge against dollars losing value. Isn't that kind of a cause/effect/cause loop? It makes no sense. Richard Yup, but even more important -- when people buy gold when its price is increasing at panic rates, they typically have to hold on to it for a decade or two just to recover what they invested. As they say, buy high, sell low...and you'll be in the tank before you know it. d8-) -- Ed Huntress |
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"John R. Carroll" wrote in rec.crafts.metalworking:
Eregon wrote: "John R. Carroll" wrote in rec.crafts.metalworking: Eregon wrote: Ignoramus19678 wrote in rec.crafts.metalworking: You meant inflation? He does. If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. You must be either v-e-r-y young or suffer from long-term memory loss if you can't remember the massive inflation that the Democrats initiated under Johnson: Actually, he was an infant living in the USSR at the time. Johnson was NOT living in the USSR but in that hotbed of Socialist Stupidity known as "The Funny Farm On The Potomac"! Indeed, but Iggy was. Living in the USSR that is. You need to be more specific! grin -- I used to be an anarchist but had to give it up: _far_ too many rules. |
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Eregon wrote:
"John R. Carroll" wrote in rec.crafts.metalworking: Eregon wrote: Ignoramus19678 wrote in rec.crafts.metalworking: You meant inflation? He does. If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. You must be either v-e-r-y young or suffer from long-term memory loss if you can't remember the massive inflation that the Democrats initiated under Johnson: Actually, he was an infant living in the USSR at the time. Johnson was NOT living in the USSR but in that hotbed of Socialist Stupidity known as "The Funny Farm On The Potomac"! Indeed, but Iggy was. Living in the USSR that is. -- John R. Carroll |
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Eregon wrote:
"John R. Carroll" wrote in rec.crafts.metalworking: Eregon wrote: "John R. Carroll" wrote in rec.crafts.metalworking: Eregon wrote: Ignoramus19678 wrote in rec.crafts.metalworking: You meant inflation? He does. If so, a falling dollar may mean that some import prices will rise, but that could be a one time effect. You must be either v-e-r-y young or suffer from long-term memory loss if you can't remember the massive inflation that the Democrats initiated under Johnson: Actually, he was an infant living in the USSR at the time. Johnson was NOT living in the USSR but in that hotbed of Socialist Stupidity known as "The Funny Farm On The Potomac"! Indeed, but Iggy was. Living in the USSR that is. You need to be more specific! grin Hey, I was keeping my head down in case it was me! Actually, I have been to the USSR (1988 - just before the collapse). We spent 10 days or so, mostly in Tallin, Extonia, but a few days in Moscow coming and going. Moscow was - "different". Great people - big hearted, kind, and ignorant as dirt. Institutionalized poverty. I'd hate to live there. Richard |
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