Yes, AMERICA, The Elite want to bring their Old Blue Chip stocks back into favor.
Greenspan is now fighting rising earnings of workers--not Inflation!!
He does not say a word about higher corporate earnings!!
Greenspan's interest rate hikes--the increse in costs of money to these heavy borrowers-- hurt the Old Economy Stocks but do not affect the Tech Stocks so much.
See what has happened to Buffet's portfolio in the last two weeks--Its on CNBC this weekend--April 29-30th. It's up 60%!!!
Tech Stocks were pushed down but natural forces are overriding THE ELITE'S Manipulations over the last three weeks!!!
TECH STOCKS are rebounding.
The Increase in the Cost of Money--Higher Interest Rates-- cause more inflation than do higher wages.
Higher wages cause PROSPERITY.
REAL INFLATION is caused by "More Money chasing Fewer Goods." Everyone who took ECON 101, in college, learned that !!!
That's why we have no inflation. More foreign goods are coming into the country and holding prices down.
Look at the Balance of Trade Deficit growing every month.
The Higher Interest Rates raise the value of the Dollar. That causes more imports being bought from the countries with weaker currencies. That makes our Trade Deficit grow to dangerous heights.
MONEY TALKS.
Read all about it. Click here
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