imkruzen
Well-known member
You can't eat gold. One of my favorite Sofa King stupid sayings. LMFAO
A World In Debt
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You can't eat gold. One of my favorite Sofa King stupid sayings. LMFAO
imkruzen
Well-known member
With interest rates near 0% and with unprecedented government debt and deficit spending beyond sustainable levels there is a clear risk of high inflation or hyperinflation if inflationary (currency cost push) forces are not counterbalanced with a heavy hand. In theory, high inflation or hyperinflation could be prevented by restricting the flow of money and credit to consumers and businesses. Such a policy would exert deflationary pressure on the U.S. dollar within the domestic U.S. economy since principal and interest payments on existing debt would drain money from circulation. While preventing inflation temporarily, such a policy would not succeed in the long run because, in addition to offsetting inflation, deflation depresses economic activity and results in debt defaults.
You sound like many of my best buyers....we refer to them as "apocalyptos"
Have you built a bunker, bought a generator or started stock piling food? The Mayan calendar ends, the red heifer has returned and Dick Clark died...the end is near!OpenGambit
Banned
your signature is appropriate.
You have clearly mastered cut and paste.
If your such an expert on the subject what cant you manage to pull together your own ideas.
Your a joke buddy.
imkruzen
Well-known member
You claim to have taken economics and prize yourself in your convoluted concept that this is an economic cycle? It’s like a 10 year old playing in a sandbox with his Tonka truck explaining to the younger crowd all about heavy equipment. If you were an authority on the subject you would not have missed the cycle that began over a decade ago. You sit in the company of the wizards like Warren Buffet and Charlie Munger who have missed the train. I wouldn’t look up to a money manager that missed an opportunity that has performed 400 % better than those wizards of money, as I don’t look up to you for any sound advice on economics and the financial state of the world. You are just like the money wizards, too full of yourself and misguided theories to be able to recognise you are wrong. When you live long enough and get past your ideologies and closed mind, only then you will realize how ignorant you are. You will have missed an opportunity in your life and only hope that you get over your ego so you can recognize another before your working career ends. You have nothing to lose so you have nothing to worry about. You’re just another OWS entitlement generation child. Try posting some counter relevance on the topic rather than being a critic of posts. Cut and paste is great because it leaves you speechless and it’s perfectly allowed. You got issues with it take it to the Admin or retaliate with the same. I'll pretend it bothers me to make you feel better.:laughing3:
Red_Liner740
Well-known member
Why is it every time an economic discussion comes up 01CBR comes in and just starts to call everyone idiots and morons while offering ZERO productive counter arguments that could be used to fuel a cognitive and informative discussion.
I want to learn, but so far 01cbr, all you do is tell everyone "you're a JOKE BUDDY!" and then when asked for a reason, brush it off as you being above us mere mortals to bother explaining it. "I know what i KNOW, but i wont tell you how i know!"
I want to learn, but so far 01cbr, all you do is tell everyone "you're a JOKE BUDDY!" and then when asked for a reason, brush it off as you being above us mere mortals to bother explaining it. "I know what i KNOW, but i wont tell you how i know!"
Any time I even begin to get into an explanation I get the same cut an paste responses. The government apparently has brain washed me, so how am I motivated to actually take this seriously?
You actually want to learn? Pick up a text book!
The problem with your cut an paste jobs is they are usually only slightly relevant to the post you quote.
What exactly have I missed? And what is wrong with my theories?
imkruzen
Well-known member
I certainly don't subscribe to the text books you read. Dumbfukonomics.
MSM is now looked upon as the bible of events in order to fool the stupid masses. It works for some, especially those with lazy herd mentality research and with inadequate brain stems.
Your comments on interest rates were as deep as a 12-year old child’s.
imkruzen
Well-known member
I am curious to understand why folks think that gold will be worth anything if the **** truly hits the fan. I doubt it would be the same market or mindset as years gone by, and if someone offered me gold for my dried out turnip, I would tell them to get bent.
Then again, outside the practical uses for the stuff, I fail to see how it maintains so much value at all (same with diamonds) To me it seems like the oldest form of human vanity.
I think the barter system for real goods would make a resurgance before gold was really worth anything in the post apocalypse world.
FYI : there is nothing to worry about here. Gold isn't worth anything more than manure. The world CBs are now interested in worthless metal to back their currency exposure. If you have any you can sell it to them, since they are making a big mistake that you could capitalize on.
Then again, outside the practical uses for the stuff, I fail to see how it maintains so much value at all (same with diamonds) To me it seems like the oldest form of human vanity.
I think the barter system for real goods would make a resurgance before gold was really worth anything in the post apocalypse world.
FYI : there is nothing to worry about here. Gold isn't worth anything more than manure. The world CBs are now interested in worthless metal to back their currency exposure. If you have any you can sell it to them, since they are making a big mistake that you could capitalize on.
Ya it would seem that way to someone who hasn't even read a text on the subject.
I would love to see some proof that we will we hyEr inflation.
You consider yourself in the know but you don't understand why interest rates need to rise?
Here:
fiscal policy
http://www.youtube.com/watch?v=oW6E25NODHE&feature=related
fiscal and monetary policy
http://www.youtube.com/watch?v=TvzsjOmWgKI&feature=related
Quantitative easing
http://www.youtube.com/watch?v=JWwL3Ttf0u4&feature=related
Red_Liner740
Well-known member
^^ Okay, so you accuse others of cut and pasting and then you do the exact same thing with video links?
and how will textbooks and past historic events be any helpful in the future turmoil. The world has never seen such economic situations as the ones we face...
and how will textbooks and past historic events be any helpful in the future turmoil. The world has never seen such economic situations as the ones we face...
LOL, I knew replying to you would be useless.
Those are links to sources.
What imkruzen does is called plagiarism, he simply cuts and pastes others writing and posts it as his own.
The world has never seen a recession? Did you watch the links?
Oh wait your just her try and make me look wrong. Im sure you believe that we were doomed as soon as we left the gold standard like the rest of them.
If you outlined the "turmoil" we face I would have an idea what your looking for here.
imkruzen
Well-known member
One of the most flawed economic theories in the history of mankind is Keynesian economics. It doesn't work, never has worked and never will work. You are seeing the idiot’s work being applied today around the unprecedented financial crisis today. The Bernak is a failure. He keeps applying the same remedy expecting a different outcome. So far Keynesian economics has brought us price inflation and a recession. 8 countries in Europe are in recession. UK has just entered a double dip recession followed by US which is getting ready to fire up the presses. So far the U.K. has printed $520 billion (US equivalents) Europe has printed an equivalent of $1 trillion and the U.S Fed has printed nearly $2 trillion. Japan has already printed the equivalent of around $322 billion. All should be text book here according to that fool Maynard. So why are we in recession, high unemployment, and ZIRP policy for the last 4 yrs., with no intention to rise until 2014 and inflation around the world? What is the problem here with economic theory application? Canada has a housing bubble and the rates are supposed to go up to cool the economy, but Carney isn’t doing that. Why? He wants a housing bubble? Why is the US faltering again after 2 trillion in stimulus? How much more will they need to print? Why are the FED buying treasuries and long bonds on the open market? What is cost push inflation? What is currency cost push inflation? Why is gold demand up 16% this year? Why are BRIC nations gobbling up that worthless stuff and dumping US debt obligations? Is this similar to Weimar Germany 1919-1923 or Roman Empire 114AD? History is a fantastic catalogue of failed currencies and economics. Our Gov just keep repeating the mistakes of the past b/c they fail to study history, claiming this time is different. As austerity is introduced the country just goes into the death spiral and collapses, b/c austerity has no positive president or history of success in all economic history. So why do Gov. think it will work now? It won’t. Never will. History has seen every type of failure in economics and the failed attempts to correct it. The Roman Empire is the the best. They had ruled for almost 1000 years. The US will be the shortest lived Empire in the world's history books. History has a lot to offer because it repeats. The US will print to infinity, there are no other tools in the Bernank tool box. That will lead to financial reform when the USD goes up in flames. Gold will again play some part in the stability of money. Possibly a gold certificate ratio at least to put in a floor to the USD. Which currency will you be holding?
You want to read? Look up Martin Armstrong, he has some free articles. He went to pay subscriptions this year.
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OpenGambit
Banned
Whats the big deal? Argentina did it and they are fine, Greece has an economy the size of rhode island, the idea that they could do anything to affect the world is preposterous.
Red_Liner740
Well-known member
I never said we were doomed away from the gold standard....I am trying to keep my mind open, and i want you to explain it to us in laymans terms, thats all...not post links that i can find, but you have this "holier than thou' " attitude and i just want YOU to discuss your views. Your condescending demeanor reminds me 100% of the comic book guy from the Simpsons.
I'm not here to trip you or anybody else up, when it comes to world economics i can say that i know little and i want to learn, but it seems that everyone out there be it the doom and gloom crowd or the "everything is fine" crowd have an ulterior motive for their banner flying.
I'm not here to trip you or anybody else up, when it comes to world economics i can say that i know little and i want to learn, but it seems that everyone out there be it the doom and gloom crowd or the "everything is fine" crowd have an ulterior motive for their banner flying.
