The so called record on the Dow today is as phoney as a three dollar bill...because frankly it takes three dollars to buy what one dollar bought back in the Bubble Daze of 2000.
Gold was 250 not the currently "depressed" 550...
Oil was at $30 dollars not the recent $60...
The Euro was at 87 to the dollar not the present 126+/-...
In short there has been a stealth DEVALUATION of the DOLLAR that has not been noticed inside the US except in certain areas like energy and health care and house prices...
Basically a dollar bought a lot more gold, oil, and house in 2000 than it does today...and that's really the text books definition of inflation or it's ugly twin devaluation...
Here's a chart comparing "depressed" gold with the "record" Dow, S&P and the Nazzi Q's...read it and weep...or smile knowingly if you like...
THE CHART
