Wednesday, November 07, 2007

Bad News, Part II

The dollar continues to collapse against the Yen, Euro, and Canadian dollar as the Fed tries to prop up the market by creating money out of thin air.

Meanwhile, health care expenditures increased 6.9 percent in 2005 and the cost of education continues to climb at roughly an 8% clip.

Yet, government statisticians assure us, there is no inflation in the economy.

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