By Ravi Batra
A desirable e-book! With the original viewpoint written approximately our attainable coming fiscal cycle, it is going to provide readers a few severe info to seem over to expect the arrival age. As ordinary, it really is chock choked with facts and proof that may aid his arguments absolutely. there has been not anything i did not like approximately his e-book. I do suggest examining the parable of loose alternate first, then Greenspan's Fraud, and eventually this one 3rd.
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Additional resources for The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos
Oil reﬁners have been at record highs. S. 8 cents for every gallon of gasoline reﬁned from crude oil. 8 cents for every gallon of gasoline reﬁned, a 79 percent jump. Now comes the really shocking material from Slocum: Although federal investigators found ample evidence of oil companies intentionally withholding supplies from the market in the summer of 2000, the government has not taken any action to prevent recurrence. S. discussing their successful strategies to maximize proﬁts by forcing independent reﬁneries out of business, resulting in tighter reﬁnery capacity.
S. gasoline prices jumped 14 percent from July 25 to Aug. 22. S. oil reﬁners have been at record highs. S. 8 cents for every gallon of gasoline reﬁned from crude oil. 8 cents for every gallon of gasoline reﬁned, a 79 percent jump. Now comes the really shocking material from Slocum: Although federal investigators found ample evidence of oil companies intentionally withholding supplies from the market in the summer of 2000, the government has not taken any action to prevent recurrence. S. discussing their successful strategies to maximize proﬁts by forcing independent reﬁneries out of business, resulting in tighter reﬁnery capacity.
If we transform the data into the rate of inﬂation, which is simply a percentage change in a price index, the chasm disappears. The economy no longer seems to have diverged signiﬁcantly, at least as far as the behavior of inﬂation goes. What is so special about historical inﬂation rates? Ever since the 1750s—that is as far back as the data take us—every third decade in the United States has been a peak of inﬂation, with the one exception following the 1860s, due to the Civil War. It is well known that inﬂation springs primarily from excessive state printing of money over many years.