Well. I see strong relation between the 2.
Don't you?

 

He thinks voting in "the stupid" by "the stupid" causes inflation? So politics causes the economy? I see what you mean about Poles.

 

In last year Polish zloty gained about 25% value v/s US dollar.
Think about it bonehead.

 

The looney left always blame somebody else. They never accept any responsibility themselves. They are perfection in their own little mind.

 

To his point, the only role the government plays in in the value of the currency is how much of it is available. As interest rates fell (a function of the fed reserve, that is why I brought up Greenspan in the first place) a lot more money became "cheap" to get. So, of course it has a lower value. Gold has gone up to reflect this as well. Adjusting it's price in line with inflation like it always has. As demand picks up in the south for building materials, our local supply will be effected and prices will reflect that. As if I don't get it.

 

That should make the zloty worth about a nickel USD.

 

About forty will get you a "Forty". [sm=alcoholic.gif]

 

If you are willing to take the blame for about 30% inflation rate, feel free to do so.
I think, that holding prime rate well below inflation rate is having huge impact on the economy. My old boat "value" increased 20% last year.
Do you really think old boats appreciate?
Giving "cheap" $1/2 mil loans to the people, that would never qualify as a home-buyers 5 years ago, allowing Union wages hit the sky, raising the minimum wage to the level, when importing jobs to India made more sense, that giving them locally. Those are all factors in the game as well.
Don't blame me for that.

 

i can only understand a little but it seems to be true.

 

30% inflation rate? I'm glad I don't live on his planet.

According to the CIA's The World Factbook:

The inflation rate was 26.47% higher in Polackland than the USA in 2004.

The unemployment rate in Polackland was 19.5% and 5.5% in the USA.

The population living below the poverty line in Polackland was 18.4% and 12.0% in the USA.

The only reason the zloty appreciated is because of Polackland's entry into the EU and a resulting surge in exports. The zloty's appreciation is actually hurting Polackland in the global marketplace. Things aren't always what they seem.