Dow Industrial Average Reaches 10,000

By Douglas V. Gibbs

Simple (rhetorical) question: Did the Dow reach 10,000 because of the devaluation of the dollar?

I think you know the answer. . .

Remember, inflation is the price we pay for all of the government goodies we've been getting as if it was all free. Inflation is the drop in the value of money caused by an increase in the volume of money and credit without the comparable increase of the production of goods and services to match. The increase in money, then, creates a rise in prices, and devalues the dollar. According to Lenin, the purpose of inflation was to destroy capitalism. Well, considering how these leftists have been sounding like Soviets of late, blaming capitalism for everything (Those Capitalist Pigs!), then it comes to no surprise the Obama and gang would keep pumping dollars into the system, while spending away our great grandchildren's futures.

Simply put, it is being done on purpose to destroy the value of the dollar, handcuff the economy, and force us into a socialistic system that will eventually tie into the global currency that is even now being discussed. The 10,000 mark on Wall Street is hardly a sign that we are on the road to recovery. If not stopped soon, the Democrat Party's agenda will destroy the economy, and we will see a crash that will completely decimate our financial system.

But that is what Obama wishes. You see, inflation also serves as an income redistribution system (hmmm, seems to me Obama has used those words before - something about a plumber. . .). Inflation takes away from those that hold their assets in money, and enriches others who hold their wealth in items that increase in value during periods of inflation.

Of course the government won't tell you this. They blame everything for inflation, except the real cause: the increase of the money supply. Then, as inflation increases under their design, they can blame it on the previous president, big bad corporations, or the weather.

Fact is, Obama and friends despise capitalism, and wish to replace it with socialism. To replace capitalism, however, it must be destroyed.

And now that the Dow Industrial Average has reached 10,000, they will claim it is because of their wonderful stimulus, despite the fact that unemployment continues to inch closer to double digits, despite the fact that production is down, and despite the fact that all true economic indicators point towards the bottom being still a long way off.

Remember, we still haven't experienced the collapse of commercial real estate, which is on its way, and inevitable.

Inflation is an instrument of destruction, and will destroy the market entirely if not stopped, despite the numbers of Wall Street.

-- Political Pistachio Conservative News and Commentary

The Dow Passes Mile 10,000 on Road to Recovery - Washington Post