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THE INFLATION ILLUSION...

the best measure of INFLATION is the price of
regular gas at your local filling station...

NOT ALAN GREENSPAN, CNBC, CNNFN...

when A LOT OF PEOPLE begin to take all these
VESTED INTEREST SOURCES for economic information
with A SHAKER FULL OF SALT...

...AND USE THE INFLATION METER THEY SEE EVERYDAY
(THE GAS-PUMP) we will cease to be so easily
MANIPULATED by "vested power interests!"

we will be truly empowered...

THERE IS NO REAL THREAT OF INFLATION only perceptions by these VESTED INTERESTS...

1. world oil prices have fallen largely due to
a significant collapse in the Asian economies...
there was a huge drop in demand...as many of their
businesses went under (US companies are buying many for .10 on the dollar)

...it will take years for them to recover...they
are only now reaching bottom...

...also CHINA has brought massive PRICE COMPETITION to these same Asian economies further slowing their growth and their NEED for mid-east and western oil...CHINA does not need that oil...

so DEMAND for OIL will remain low and there will
be a continuing GLUT...so NO INFLATION here to speak of...unless you believe OPEC trying to rally
prices (phony oil futures scares do raise the prices for a while)...with the blessing of the OIL COMPANIES who are taking a bath in all this, (mostly in their own oversupply of oil)

if and when Asia TRULY REBOUNDS then you can worry
about inflation from this sector!

2. COMPETITIVE PRICING (thanks to GATT)prevents
most NON-unique businesses from RAISING their prices...SOME CHEAP IMPORTER will take your place
in a minute...(GATT comes back to bite 'em...instead of moving their companies from state-to-state in the U.S. "chasing cheap labor" now the "multinationals are forced to play out the same game (in less stable foreign countries... now leapfrogging from country to country...chasing CHEAP LABOR)

3. The heavily "cradle-to-grave" social safety nets of most of WESTERN EUROPE put them at an extreme competitive disadvantage with the U.S. and with ASIA in the doldrums...WE ARE KING!

thats why many European companies are building
plants in the U.S., labor is approximately
1/2 of what it is in Europe.

so we will get little inflation from PRICE INCREASES or competition with the rest of the world!

4. Even moderate rises in U.S. labor costs are
nothing...THE MONEY GETS SPENT HERE...so that's
all AN ILLUSION...(except for a minority on fixed-incomes)

pay me more...and I purchase more...THE SAME AMOUNT OF MONEY STAYS IN THE POOL...just in different parts...ALL AN ILLUSION...

THE BOTTOM LINE...

I am giving you nothing more that THE REASONS OUR
ECONOMY IS ENJOYING SUCH UNPRECEDENTED ECONOMIC SUCCESS!

I don't need the FED or CNBC or some other so-called economic expert to tell me WHY (most of them are still trying to figure why OUR PRESENT SUCCESS doesn't jive with all THEIR GREAT BODIES OF OUTDATED THEORIES)...

so unless there are STRIKING CHANGES to the items
I enumerated above...THERE WILL BE NO SIGNIFICANT
INFLATION...

and I will know just by keeping up with WORLDNEWS
in general...and the PRICE OF GAS at my local filling-station...

ALL OF THE ABOVE I FIGURED OUT FOR MYSELF without
the help of GREENSPAN...

...AND SO CAN YOU! (we have just about unlimited
access to info on the Internet)

so listen to the "so-called" experts...I still do,
but I don't JUMP anymore in response to THEIR
VERSION OF REALITY!

P.S. ...the price of GAS dropped to .94 from .98/98 at
most of the local stations in my busy area THIS WEEK...

...so much for INFLATION!

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