Bloomberg News
This is a video clip, fast forward to the first chart. I'm not a Prechter loyalist, so I'm not pushing him, but he does present an interesting chart. If you cannot tell, the chart shows the DOW in the 3000's.
"OMG, the government is robbing us blind by stealing our purchasing power"
Which is a better measure of real wealth, paper dollars or gold?
In gold terms the DOW is down 71% from it's high, not the 15% or so we think. Is this data mining? Could our purchasing power be going down this fast?
This is a video clip, fast forward to the first chart. I'm not a Prechter loyalist, so I'm not pushing him, but he does present an interesting chart. If you cannot tell, the chart shows the DOW in the 3000's.
"OMG, the government is robbing us blind by stealing our purchasing power"
Which is a better measure of real wealth, paper dollars or gold?
In gold terms the DOW is down 71% from it's high, not the 15% or so we think. Is this data mining? Could our purchasing power be going down this fast?
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