Money Supply – Exploding Inflation

[Coronita]

[quote=markmax33][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.[/quote]

That’s because we’re run by a bunch of wussies now who’s afraid of dropping bigger bombs in the middle east…Instead of dropping a hail mary big ass bombs, we send in troops to mingle with the locals and find “enemies” we can’t see.

Gunboat diplomacy works really well, if properly implemented.

http://en.wikipedia.org/wiki/Gunboat_diplomacy

We just need to spend more time and dollars inventing better military toys…

BAE’s got this one right…

http://news.discovery.com/tech/unmanned-fighter-jet.html

Heck, pretty soon we don’t even need to send in our own pilots to do the dirty work.

The Taranis — named after the Celtic god of thunder — was unveiled at a ceremony at BAE Systems in Warton, Lancashire, on Monday.

The £142.5-million ($216.1-million) prototype is the size of a light aircraft and has been equipped with stealth technology to make it virtually undetectable.

In a press release, the MoD described the Taranis as “a prototype unmanned combat aircraft of the future.”

It is built to carry out intelligence, surveillance and reconnaissance missions while its crew stays safely on the ground and can control the aircraft from anywhere in the world.

The unmanned fighter jet can also carry bombs and missiles and, if the trials prove successful, the MoD said it should “ultimately be capable of striking targets at long range, even in another continent.”

Coming soon to a military recruitment office near you:

“For immediate hire: United States Air Force Remote Pilot Commander”

Qualifications:

* Boys or girls ages 8-16 years old, demonstrating excellent hand, eye coordination and expert digitary agility with Xbox, Wii, PS3 gaming environment.

* Extensive training with air combat video games. Solid player, competitively ranked at national tournaments desired.

* Must be capable and willing to operate a remote tactical fighter with shoot to kill orders from the comfort of his/her own home.

[scaredyclassic]

In the countries with failed currencies, how did the kids do afterward compared to naonfailed currency countries.

[Anonymous]

[quote=sdduuuude]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?[/quote]

No, he’s just reminding us all to “think of the children!”

[Anonymous]

[quote=flu][excitement over military war-toy porn][/quote]

flu, please put your hard-on back in your pants.

ultimately be capable of striking targets at long range, even in another continent.

Like we’ve never been able to that before. But now we can spend $250M a pop on these new toys.

But I’m curious, where would you suggest we drop a “bigger bomb?”

[markmax33]

[quote=sdduuuude][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?[/quote]

I think if you care about your kids you should care about the next 100 years of our currency. I think if you talk about 5 year or 10 year expectations and ignore that history shows every fiat currency fails you are setting up unreasonable expectations for your kids. I’m not calling you a bad parent as 99% of America probably haven’t looked at fiat currencies.

[markmax33]

[quote=walterwhite]In the countries with failed currencies, how did the kids do afterward compared to naonfailed currency countries.[/quote]

Everyone’s savings are wiped out and the kids have to support the parents until they die because they can’t work. They have to pay for the medical bills because the GOV has no money to spend. It is a mighty tax on the youth and an embarrasing situation for the parents.

[scaredyclassic]

Name one country w a failed currency where the kids supported parents till old age.

I find it difficult to believe that ever happened anywhere at anytime.

Kids…basically little cute freeloaders…

[SK in CV]

Oh dear markmax, I’ve failed. To convince you how rediculous your argument is.

Here’s the deal mark. A gold standard is no different than a fiat currency. Because gold has no inherent value. It’s value, exactly the same as the US dollar, is whatever someone will trade for it. Historically, it has had a special place. But not because of any divine reasoning. It’s just metal. And relatively rare.

The value of a dollar, whether backed by gold or not, is based on the resources for which it can be exchanged.

If you want to argue that we should have a fixed money supply, rather than an elastic money supply make that argument. The whole gold thing just doesn’t really hold up.

[sdduuuude]

[quote=markmax33]I think if you care about your kids you should care about the next 100 years of our currency. I think if you talk about 5 year or 10 year expectations and ignore that history shows every fiat currency fails you are setting up unreasonable expectations for your kids. I’m not calling you a bad parent as 99% of America probably haven’t looked at fiat currencies.[/quote]

Just so you know – I’m a marginal fan of Ron Paul. I understand and agree with everything you say about FIAT currencies. Love the gold standard. I understand that more money means a devalued currency.

However, the tie between the current increase in money supply and “exploding inflation” has not been made due to other circumstances you are ignoring. Econ prof argued it fairly well.

I have no decisions to make regarding hyperinflation right now. It isn’t impending and it isn’t looming. When it looms, I have the wherewithal to adjust my portfolio as necessary. Currently, it is not necessary.

Being correct now about an event that happens in 50 years is not worth much to me.

Making a call for an event to happen sooner when it actually happens later is called “being wrong.”

And, if you offer no timeline, you can never be right or wrong, though I guess you can somehow still be “credible”.

[Coronita]

[quote=pri_dk][quote=flu][excitement over military war-toy porn][/quote]

flu, please put your hard-on back in your pants.

ultimately be capable of striking targets at long range, even in another continent.

Like we’ve never been able to that before. But now we can spend $250M a pop on these new toys.

But I’m curious, where would you suggest we drop a “bigger bomb?”[/quote]

Spend spend spend spend… It’s the good old american way!

But actually, it’s ok… It’s BAE. So it means probably the Brit’s spent all that money on the R&D….We’ll probably get a cheaper copy of these made in China by Boeing… Oh wait…..

As far where the U.S. should have dropped a bigger bomb? It doesn’t matter. Maybe somewhere in the middle of the ocean…. Shock and awe, ya know….

[Anonymous]

[quote=markmax33]the kids have to support the parents until they die […][/quote]

Back to the age question: I’m also old enough to find that scenario to be appealing.

[markmax33]

[quote=SK in CV]Oh dear markmax, I’ve failed. To convince you how rediculous your argument is.

Here’s the deal mark. A gold standard is no different than a fiat currency. Because gold has no inherent value. It’s value, exactly the same as the US dollar, is whatever someone will trade for it. Historically, it has had a special place. But not because of any divine reasoning. It’s just metal. And relatively rare.

The value of a dollar, whether backed by gold or not, is based on the resources for which it can be exchanged.

If you want to argue that we should have a fixed money supply, rather than an elastic money supply make that argument. The whole gold thing just doesn’t really hold up.[/quote]

SK – I have failed. There is a finite amount of gold in the world and the production rates are fairly set. The system can’t be tinkered with. This is the last piece of the puzzle and took me the longest to understand. Hopefully you will understand it too.

[markmax33]

[quote=sdduuuude][quote=markmax33]I think if you care about your kids you should care about the next 100 years of our currency. I think if you talk about 5 year or 10 year expectations and ignore that history shows every fiat currency fails you are setting up unreasonable expectations for your kids. I’m not calling you a bad parent as 99% of America probably haven’t looked at fiat currencies.[/quote]

Just so you know – I’m a marginal fan of Ron Paul. I understand and agree with everything you say about FIAT currencies. Love the gold standard. I understand that more money means a devalued currency.

However, the tie between the current increase in money supply and “exploding inflation” has not been made due to other circumstances you are ignoring. Econ prof argued it fairly well.

I have no decisions to make regarding hyperinflation right now. It isn’t impending and it isn’t looming. When it looms, I have the wherewithal to adjust my portfolio as necessary. Currently, it is not necessary.

Being correct now about an event that happens in 50 years is not worth much to me.

Making a call for an event to happen sooner when it actually happens later is called “being wrong.”

And, if you offer no timeline, you can never be right or wrong, though I guess you can somehow still be “credible”.[/quote]

I think I understand why we are missing each other now. I’m not telling you how to allocate your assets. You are assuming my statements are for you assets, not true. I don’t allocate my assets based on an imminent failure of the dollar although I do have some physical silver and gold miner GOLD which I have owned for 5 years.

I am writing this because I want to inspire people against the long term affects keynsian economics before the currency goes kaput. I am writing this because we are spending blindly and wasting productivity. I am writing this because the democrats and the repulicans are equally worthless in an attempt to get you to talk about an alternative. Right now Ron Paul is the only viable alternative, but there will be others. I want to inspire a differnt way of thinking and have people debate with their friends and loved ones. You don’t change society with one vote o refusing to talk about these things because they don’t matter right now. You change it by passing information to 10s or 100s of people and getting them to vote. Those people go talk to more people. Although the people on this blog that disagree with me annoy me, I know they are the ones willing to speak to people and if they can be shown the right things will be the most valuable communicators in the end. I was once that way and had all the same thoughts.

[Arraya]

We used to have depressions every 5 years with the gold standards and according to some economic historians, the international gold standard, pushed us to two world wars.

Now, this does not mean I don’t understand the systemic risk with how money/banking works now. In fact, we are in the midst of one now – a systemic crisis. But, IMO, it goes deeper than replacing fiat with gold.

Also, enough with the misplaced demonization of dead money market theorists. This isn’t “keynesian” economics, it’s economics to keep the whole shebang from collapsing. I guarantee Bernanke is not referring to Keynes literature to make decisions. They are not sitting back there with some Keynes manual for monetary policy. They are treating it like a system and throwing money at where the system is seizing up. That’s it.

[markmax33]

[quote=walterwhite]Name one country w a failed currency where the kids supported parents till old age.

I find it difficult to believe that ever happened anywhere at anytime.

Kids…basically little cute freeloaders…[/quote]

Walter – when the currency fails it wipes out the savings of everyone in the country. You go back to 0. If you happen to be past your working years who else going to pay for you?

[Author]

Posts