Posted by Bret4207 on December 13, 2018 at 04:46:30 from (207.42.20.149):
In Reply to: A queston for John T posted by Donald Lehman on December 11, 2018 at 12:14:17:
Quoting Removed, click Modern View to see
Thats a whole 'nuther can of worms. People would go nuts if they really understood some of what is done. Same with the unemployment rate, it's smoke and mirrors depending on who wants what to be claimed.
Little story about inflation. In the 30's, FDR outlawed the private ownership of gold. (Yeah, consider that for a second all you folks that think gold is foolproof!) So everyone had to turn in their gold at whatever the going rate was, except for a few rare coins. Shortly after getting ahold of the nations gold., FDR manipulated the gold price by devaluing US currency by about 60%!!!!! IOW, he manipulated the gold price by more than double and it had a worldwide effect. And gold is supposed to be the ultimate hedge? Horse pucky!
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