Profile picture for mrfnuts

We can all be millionaires!

But, what good is that if the average Walmart employee makes $300K a year and it costs $2000 to fill your refrigerator:

http://quotes.ino.com/chart/?s=NYBOT_DX

Gold's above $800 an ounce

Oil is nearly $96 a barrel.

Thank you Maestro and B-52 Ben. Those unfortunate enough to have saved for retirement in US Dollars must really love you.
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November 02 2007 - US
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Profile picture for HoldMyNose2Buy
It costs $700 Janapese yen for a donut in Tokyo airport. A meal is several thousand yen. That's where USA is heading to - illusionary wealth=emptiness.
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November 02 2007
Profile picture for 2 Big 2 Fail
Wal Mart workers make $300,000 a year? Wow, I need to switch jobs! LOL
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November 02 2007
Profile picture for Space Acer
carmel... actuall 700 yen is like $7.00us they have no pennies/cents in their currency...so a meal costing 1,000 yen makes sense to...when you add in the decimale ... like 10.00 yea thats airport prices... high and a monopoly which is very true in Japan...
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November 02 2007
Profile picture for Fixi
  • Fixi
  • Contributions:405
We were one of those who has saved for are retirement 27yrs+ ! No Depts!
IT"S HIGH CRIME what has happen to the US!
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November 02 2007
Profile picture for Fixi
  • Fixi
  • Contributions:405
We were one of those who has saved for are retirement 27yrs+ ! No Depts!
IT"S HIGH CRIME what has happen to the US!
I only have 2 bags 90% and 40\ 1 oz goldbuffalo's and I can kick myself not adding more at 480-570
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November 02 2007
Profile picture for redx
  • redx
  • Contributions:18
Should we blame bank and realtors etc..? The problem is that economy is tanking. We enjoy GDP growth on devaluated dollar. Yes sure there is an absolute growth at about 3%, but what are the real numbers? I like reported numbers for CPI excluding food and energy. Is not it where all the money is going in now day in food and energy and we are assured that there is now inflation?

I do think houses will grow neither do I think they will fall down, because all other expenses are becoming more comparable to the housing. We will stagnate for some time till the prices will resume the growth. We already have a substantial decrease in price as compared to dollar purchasing power even to the most recent years.

It takes now only 93c CA$ to buy 1 US$ and it keeps going down by the minute. It is a very grim future for all of us buyers and owners. Period.
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November 04 2007
 
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