truth and the big lie, page-22

re: truth and the big lie-oil Hi Chuck,

Thanks all the same mate, but I already know the argument is sound. It is relected in the data/figures we have, and it is one reflected by most modern mainstream economists.

It's all a question of degree really ... sure the petrochemical industry is huge, but when compared to the whole economy and goods and services? The market strutures are completely different now, as I keep saying.

I know that this upsets the blokes on HC who have their hopes pinned on gold rising because of inflation ... but hey you've got the USD falling, can't whinge too much right LOL?

Anyway, as I say the following link is interesting - takes a good knowledge of economics to grasp but
it's all there....

http://econ.ucsc.edu/faculty/chinn/pubs/Presage.pdf.



Cheers,

Christian