So why is everyone so CRAZY about the DOW being at record levels? Because it’s NOT at record levels in world terms. Real question is, are people that dumb? Look at the value of the US DOLLAR??? Isn’t the dow in US DOLLARS? So if the value of the DOLLAR is hypothetically HALF the amount, and the DOW is twice the amount, then the DOW is *NOT* UP. In fact it’s just flat. And what we have now is a DOW that is just barely above previous levels and a US Dollar that is worth 2/3 of the old amount. But people don’t realize it.

So what we have is a peak of the US dollar index of 120 around 2000. And a current value in the toilet of approximately 80. So the dollar is worth 66% of what it was worth. So let’s say someone was making $50,000 US in 2000. And they make $60,000 US now, in fact it’s worth a TON less in world terms. A dollar is worth approximately 66% so now the person that makes $60,000, really only makes $40,000 in world terms. Nice raise. So that Acura, BMW, etc that you want, costs you more now because they want the same number of euros, yen, etc for the car. You’ve seen the prices go up. Even domestic goods are much higher. Why? Because the dollar is in the Toilet? Why, because this economy is a pile of shit. And no one reports it.

This entry was posted on Saturday, May 19th, 2007 at 5:32 pm and is filed under Retards, US Economy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.