Home › Forums › Financial Markets/Economics › Money Supply – Exploding Inflation
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December 1, 2011 at 10:31 AM #733745December 1, 2011 at 10:36 AM #733746CoronitaParticipant
[quote=afx114][quote=markmax33]It has been the default currency almost every time the others have failed because it is small and easy to carry and transfer between people.[/quote]
Actually, gold has been historically used as currency not because it is “small and easy to carry” but because of chemistry. Iron and Helium are small and easy to carry, but we don’t use those. Most elements on the periodic table are unsuitable because they are gasses, reactive (Sodium blows up when wet, Iron rusts), radioactive (your money would slowly disappear and you would die from it.. lets call it “radioactive deflation”), too rare (Irridium, Rhenium), or undiscovered in the ancient world (Palladium, Rhodium, Platinum). That leaves us with Silver and Gold. Silver of course tarnishes, so Gold wins by default. There can be no physical currency besides Gold… chemistry demands it!
SCIENCE![/quote]
By golly, you’re a genius… What the U.S. government needs to do is invent a time based currency… It starts to exponentially decay the moment it leaves the banks and ends up in the hands of people. If you don’t use it, it starts to decay…Don’t use it for a few days…it turns into ashes…..That’s how our government can stimulate growth here in the U.S.A….Forcing people to spend their dollars the moment they get them…
December 1, 2011 at 10:38 AM #733747markmax33Guest[quote=flu][quote=markmax33]
…(most of rant deleted)…..
A credible economist never gives a timetable. It is IMPOSSIBLE to tell when the bankers will decide to manipulate things too far. Economists can only predict future trends based on past trends and reading history. China/Japan/foreign countries could decide to turn around and sell all $5T treasure bonds they own at the same time and flood the market. China has already started to exit the US bond market and now is buying 10X the amount of gold they did 1 year ago. This should be sounding alarm bells to you guys.
….(more rant deleted)….
[/quote]
Sigh…Please…. We’re not talking about overnight collapse here….
http://usa.chinadaily.com.cn/china/2011-08/16/content_13123503.htm
Care to explain Markmax33?
[/quote]
I’ll give bloomberg’s report from October which says it is decreasing. They certainly aren’t increasing rapidly to support the exponential printing in either case:
Care to explain whos is goingto keep buying our worthless paper that is exponentially expanding?
December 1, 2011 at 10:39 AM #733748AnonymousGuest[quote=sdduuuude]By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.[/quote]
I will raise you 5 years.
My prediction:
10 years of no hyperinflation on the US Dollar (per the International Accounting Standards Board definition: http://en.wikipedia.org/wiki/Hyperinflation)
I’ll bookmark this thread and set a reminder in my calendar…
December 1, 2011 at 10:42 AM #733749markmax33Guest[quote=flu][quote=markmax33][quote=pri_dk][quote=markmax33]A credible economist never gives a timetable. It is IMPOSSIBLE to tell when […][/quote]
My doctor told me I will die, but he doesn’t know when.
I guess that makes him credible.
But not very useful.[/quote]
If you got wasted every night drinking alcohol and the doctor told you that most poeple who drink as much as you do die at an early age due to liver failure would you stop drinking? The doctor would never give you an expiration date. Your analogy is meaningless.[/quote]
Yeah, but red wine has been proven to reduce your risk of heart disease. If I don’t drink red wine every night, I might die earlier of a heart attack.[/quote]
Thank you. You are citing studies and history as proof of future expectations. That is the kind of thinking I like. Let’s apply that monetary issues and we’ll all see how fiat currencies always end badly and we’ll fix it.
December 1, 2011 at 10:43 AM #733750markmax33Guest[quote=pri_dk][quote=sdduuuude]By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.[/quote]
I will raise you 5 years.
My prediction:
10 years of no hyperinflation on the US Dollar (per the International Accounting Standards Board definition: http://en.wikipedia.org/wiki/Hyperinflation)
I’ll bookmark this thread and set a reminder in my calendar…[/quote]
How old are you Pri? Do you care about your retirement funds? Do you care about your life savings you want to pass on to your children? Are you single with no heirs? I’m just curious.
December 1, 2011 at 10:45 AM #733751CoronitaParticipant[quote=markmax33][quote=flu][quote=markmax33][quote=pri_dk][quote=markmax33]A credible economist never gives a timetable. It is IMPOSSIBLE to tell when […][/quote]
My doctor told me I will die, but he doesn’t know when.
I guess that makes him credible.
But not very useful.[/quote]
If you got wasted every night drinking alcohol and the doctor told you that most poeple who drink as much as you do die at an early age due to liver failure would you stop drinking? The doctor would never give you an expiration date. Your analogy is meaningless.[/quote]
Yeah, but red wine has been proven to reduce your risk of heart disease. If I don’t drink red wine every night, I might die earlier of a heart attack.[/quote]
Thank you. You are citing studies and history as proof of future expectations. That is the kind of thinking I like. Let’s apply that monetary issues and we’ll all see how fiat currencies always end badly and we’ll fix it.[/quote]
I got a better idea. If you’re worried about this because you’re worried about the future of your future kids, the solution is simple… Don’t have kids…
December 1, 2011 at 10:45 AM #733752markmax33Guest[quote=flu][quote=afx114][quote=markmax33]It has been the default currency almost every time the others have failed because it is small and easy to carry and transfer between people.[/quote]
Actually, gold has been historically used as currency not because it is “small and easy to carry” but because of chemistry. Iron and Helium are small and easy to carry, but we don’t use those. Most elements on the periodic table are unsuitable because they are gasses, reactive (Sodium blows up when wet, Iron rusts), radioactive (your money would slowly disappear and you would die from it.. lets call it “radioactive deflation”), too rare (Irridium, Rhenium), or undiscovered in the ancient world (Palladium, Rhodium, Platinum). That leaves us with Silver and Gold. Silver of course tarnishes, so Gold wins by default. There can be no physical currency besides Gold… chemistry demands it!
SCIENCE![/quote]
By golly, you’re a genius… What the U.S. government needs to do is invent a time based currency… It starts to exponentially decay the moment it leaves the banks and ends up in the hands of people. If you don’t use it, it starts to decay…Don’t use it for a few days…it turns into ashes…..That’s how our government can stimulate growth here in the U.S.A….Forcing people to spend their dollars the moment they get them…[/quote]
NO! You need to follow the consitution because the founding fathers warned of this and set us up perfectly to never fail. We went against the constitution and the warnings of the forefathers in 1913 when we illegally passed the federal reserve act. We already have a solution!
December 1, 2011 at 10:46 AM #733753CoronitaParticipant[quote=markmax33][quote=pri_dk][quote=sdduuuude]By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.[/quote]
I will raise you 5 years.
My prediction:
10 years of no hyperinflation on the US Dollar (per the International Accounting Standards Board definition: http://en.wikipedia.org/wiki/Hyperinflation)
I’ll bookmark this thread and set a reminder in my calendar…[/quote]
How old are you Pri? Do you care about your retirement funds? Do you care about your life savings you want to pass on to your children? Are you single with no heirs? I’m just curious.[/quote]
He doesn’t need to worry… He’s in the 1%…
December 1, 2011 at 10:47 AM #733755AnonymousGuest[quote=markmax33]How old are you Pri? Do you care about your retirement funds? Do you care about your life savings you want to pass on to your children? Are you single with no heirs? I’m just curious.[/quote]
Old enough to have heard it all before.
December 1, 2011 at 10:48 AM #733756markmax33Guest[quote=sdduuuude][quote=pri_dk]My doctor told me I will die, but he doesn’t know when.
I guess that makes him credible.
But not very useful.[/quote]Right there with ya on that one.
By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.[/quote]
How long do you plan to live sdduuuuude? Got any kids? Care about them? Do you have any nephews or nieces?
December 1, 2011 at 10:49 AM #733757CoronitaParticipant[quote=markmax33][quote=sdduuuude][quote=pri_dk]My doctor told me I will die, but he doesn’t know when.
I guess that makes him credible.
But not very useful.[/quote]Right there with ya on that one.
By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.[/quote]
How long do you plan to live sdduuuuude? Got any kids? Care about them? Do you have any nephews or nieces?[/quote]
He’s in the 1% too…
December 1, 2011 at 10:52 AM #733754CoronitaParticipant[quote=markmax33][quote=flu][quote=afx114][quote=markmax33]It has been the default currency almost every time the others have failed because it is small and easy to carry and transfer between people.[/quote]
Actually, gold has been historically used as currency not because it is “small and easy to carry” but because of chemistry. Iron and Helium are small and easy to carry, but we don’t use those. Most elements on the periodic table are unsuitable because they are gasses, reactive (Sodium blows up when wet, Iron rusts), radioactive (your money would slowly disappear and you would die from it.. lets call it “radioactive deflation”), too rare (Irridium, Rhenium), or undiscovered in the ancient world (Palladium, Rhodium, Platinum). That leaves us with Silver and Gold. Silver of course tarnishes, so Gold wins by default. There can be no physical currency besides Gold… chemistry demands it!
SCIENCE![/quote]
By golly, you’re a genius… What the U.S. government needs to do is invent a time based currency… It starts to exponentially decay the moment it leaves the banks and ends up in the hands of people. If you don’t use it, it starts to decay…Don’t use it for a few days…it turns into ashes…..That’s how our government can stimulate growth here in the U.S.A….Forcing people to spend their dollars the moment they get them…[/quote]
NO! You need to follow the consitution because the founding fathers warned of this and set us up perfectly to never fail. We went against the constitution and the warnings of the forefathers in 1913 when we illegally passed the federal reserve act. We already have a solution![/quote]
But we already have a solution, that’s tried and true though centuries and centuries of civilization, for which history has proven countless times for it to have worked… It’s pretty simple…. guns, bombs, tanks, jets, and warheads. It doesn’t get much more simple than that when it comes to diplomacy.
December 1, 2011 at 10:53 AM #733758markmax33Guest[quote=flu]
But we already have a solution, that’s tried and true though centuries and centuries or civilization, for which history has proven countless times for it to have worked… It’s pretty simple…. guns, bombs, tanks, jets, and warheads. It doesn’t get much more simple than that when it comes to diplomacy.[/quote]Lol! The safest countries are the ones that defend their own borders. Military interventalism spending destroys currencies and military interventalism is why we were attacked on 9/11. Go read the CIA reports and DOD reports, etc. 15 or the 20 bombers came from Saudi Arabia and were pissed off about the base we had in their country. We closed the base and haven’t had another Saudi suicide bomber since.
December 1, 2011 at 11:05 AM #733761sdduuuudeParticipant[quote=markmax33][quote=sdduuuude][quote=pri_dk]My doctor told me I will die, but he doesn’t know when.
I guess that makes him credible.
But not very useful.[/quote]Right there with ya on that one.
By the way, I predict 5 solid years of no hyperinflation in the US Dollar and thus ends my argument.[/quote]
How long do you plan to live sdduuuuude? Got any kids? Care about them? Do you have any nephews or nieces?[/quote]
Your questions are meaningless to the point that I simply think you are wrong. Or, if you are right and simply unwilling to offer a timeline, you are too early for me to make any material decisions based on your expectations.
That I think you are wrong has little to do with how much I care about my kids.
Careful – you are treading on thin ice there.
I think I’m starting to understand this “effective name-calling” thing. Did you “effectively” call me an uncaring father simply because I don’t agree with you?
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