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Nothing left but air.

topstuftopstuf Posts: 14,803 ✭✭✭✭✭
in Precious Metals

Ironically, the US confiscated gold in 1933 to ...stop... the printing of money to end a depression. :D

Now, that's all they have. Printing money. Never works well.

Comments

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Oh, don't be silly, Topstuf. All you have to do is keep interest rates and inflation near zero, and you can create and dump money into the economy until a fare-thee-well. Easy-peezy.


    Here's a warning parable for coin collectors...



  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    I do want to see what's tried next. :D

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Inflation is pretty easy to control with outsourcing. Now sure, it means less wages but there's stimulus to cure that. >:)

  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    @topstuf said:
    I do want to see what's tried next. :D

    The Magic Money Tree

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @derryb said:

    @topstuf said:
    I do want to see what's tried next. :D

    The Magic Money Tree

    Maybe an eBay Bucks stimulus package. :p

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @dpoole said:
    Oh, don't be silly, Topstuf. All you have to do is keep interest rates and inflation near zero, and you can create and dump money into the economy until a fare-thee-well. Easy-peezy.

    Hmm.. so if They didn't dump MMT money (or stopped) then we'd have massive deflation spiral, including huge price/ value contraction, widespread unemployment, and general economic ruin?

    Or will magic pieces of metal save everyone if we would just buy buy coins and bars like the smart ones?

    Liberty: Parent of Science & Industry

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    Like I said, Baley. Problem solved. :)


    Here's a warning parable for coin collectors...



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