Government Violates The Citizens (Again) ~ Karl Denninger

peaceandlove · 10-11-2009, 04:01 AM

Saturday, October 10, 2009

Posted by Karl Denninger in Corruption

Government Violates The Citizens (Again)

Excerpt:

The Dollar's depreciation is intentional. If economic activity picks up (it
hasn't yet, despite what you're told) this will instantaneously echo into oil prices. How badly? The last time the dollar was here oil was at $150 and gas was aiming for $5/gallon. We're going back there - or higher. There are people who claim the federal government's official desire is to see the dollar index (/DX) at forty or lower, a devaluation of another fifty percent, and a 2/3rds devaluation from just a few years ago.

This of course will triple the cost of imports from that point of a few years ago. It will boost the relative wages of those in other nations by 300%, while cutting your relative wages by 2/3rds, again, all referenced to just a few years back.

Can you survive this without becoming destitute?

Complete Commentary: http://market-ticker.org/archives/15...ens-Again.html

10-11-2009, 04:01 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Government Violates The Citizens (Again) ~ Karl Denninger Saturday, October 10, 2009 Posted by Karl Denninger in Corruption Government Violates The Citizens (Again) Excerpt: The Dollar's depreciation is intentional. If economic activity picks up (it hasn't yet, despite what you're told) this will instantaneously echo into oil prices. How badly? The last time the dollar was here oil was at $150 and gas was aiming for $5/gallon. We're going back there - or higher. There are people who claim the federal government's official desire is to see the dollar index (/DX) at forty or lower, a devaluation of another fifty percent, and a 2/3rds devaluation from just a few years ago. This of course will triple the cost of imports from that point of a few years ago. It will boost the relative wages of those in other nations by 300%, while cutting your relative wages by 2/3rds, again, all referenced to just a few years back. Can you survive this without becoming destitute? Complete Commentary: http://market-ticker.org/archives/15...ens-Again.html Last edited by peaceandlove; 10-11-2009 at 04:16 AM.