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Reply #29: Yep. The meringue in the GDP is part deficits and part dollar devaluation. [View All]

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TahitiNut

(1000+ posts) Send PM | Profile | Ignore

Sat Aug-06-05 11:59 AM
Response to Reply #28

29. Yep. The meringue in the GDP is part deficits and part dollar devaluation.

Edited on Sat Aug-06-05 11:59 AM by TahitiNut

The devaluation of the dollar will ultimately result in inflation, where the delay is prolonged by decreased wages for the "lower 80%" and the unemployment of the same people. At the same time, the equities markets are inflated and the housing market bubble will eventually collapse, wiping out a large part of what folks have relied upon as a "nest egg."

The GOP chases the GDP and feeds it with the bodies of the working class.

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