Message:

<p>[QUOTE=&quot;kruptimes, post: 1390295, member: 33662&quot;]I seldom see &quot;over production capacity&quot; mentioned in this world economy melt down. Back in the 70s, worker productivity was the &quot;Headlines&quot;. Saving GM was necessary because a million US retirees and the untold number of workers associated with GM not having disposable incomes would have allowed deflation to gain a foothold. But in the long run, GM is not necessary to satisfy the demand for autos. As in other sectors of manufacturering, overcapacity is a real problem that has not been addressed. I believe the only solution is to raise the level of living in third world nations which means raising wages and that has yet to happen, the greed is too great. </p><p><br /></p><p>Printing money influences inflation, but competition for limited resources lowers the standard of living. Our demand for gasoline has declined but it has increased overseas, whereas the demand for food is increasing everywhere and both are effecting our standard of living. Those of us who blindly believe in the &quot;normalcy bias&quot; will soon have a rude awaking. IMO, buying PMs now or later makes little difference so long as you buy and hold them.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in