Has price of used 802N's shot up?


In 2010 last time when I was shopping for speakers I could see used 802N listed for $3500-$4000 all over on ebay or here or even craigslist. Now a days same speakers listed at &5500-$6000. Isn't it strange considering value should have come down in four years!!!
girish

Showing 3 responses by astrallite

61% of government bonds are now owned by the Federal Reserve. China and Japan announced they are no longer purchasing US Government debt, so the Fed has become the buyer of last resort. So they just print money to cover government revenue shortfalls. This diminishes the purchasing power of the dollar, because an expanded money supply means more dollars are chasing the same number of goods and services.

Eventually you may see used speakers cost more than current msrps, and the cost of new products high still.
US Federal Reserve owns 61% of all U.S. Government debt as of 2012, it's probably even higher now that China and Japan publically said they are no longer going to prop up the U.S. Economy. When government prints money to make up for budget shortfalls, more dollars chasing the same number of goods and services means increasing costs. This is why you don't price items in dollars, you price them in gold or silver, which is real money.
You can find them on the net, China announced it was going to reduce the size of its 4 trillion foreign reserve balance sheet. As far as gold and silver being money, that's debatable depending in the country you are in perhaps, although according to the constitution, ONLY gold and silver is legal tender, since 1971 when Nixon took us off the gold standard the government has been openly defying the constitution.

As far as talking about goods and services, two things hamstring the economy from expanding its goods and services.

1) Government regulation (which increases every election cycle)

2) The price of money. Interest rates are the most important thing in an economy as it prevents mal-investment, and signals people to save in order to generate financing for capital investment. Unfortunately our gigantic, ever-expanding leech of a government cannot finance its own debt with tax revenue, so it pushes down interest rates so it can pay the interest on its own debt at the expense of the rest of the economy.

Remember, 20% of the economy were manufacturing jobs, the entry-path to the middle class as recent as 2001. Today they represent 4% of jobs, and keep dwindling, as our traitorous government keeps cracking down on unions and pile more and more regulations on our employers today for the benefit of a few lobbyists and continue to drive our jobs overseas. Most employers will tell you the cost of regulation is driving jobs away, not the cost of labor.