Folk don't understand this has been a transfer of wealth from public middle class to private upper class sectors citizens. We should be careful what we wish for.
Fixed it for ya.
You made it more more simplistic but not more accurate. The middle class has benefitted from the $36 trillion in Govt deficit spending, as have the upper class. That does not the change the wealth transfer from public to private sectors.
The wealth transfer exists because the middle class gets the money first.
Folk don't understand this has been a transfer of wealth from public middle class to private upper class sectors citizens. We should be careful what we wish for.
Fixed it for ya.
You made it more more simplistic but not more accurate. The middle class has benefitted from the $36 trillion in Govt deficit spending, as have the upper class. That does not the change the wealth transfer from public to private sectors.
The wealth transfer exists because the middle class gets the money first.
Your comment agrees with me. Middle class (private) got the money from the Govt (public). Transfer of wealth in the form of Govt deficit spending into the private sector.
Now we could debate the words "taken" and "given" if you wish.
Now that we've filled in this rabbit hole,.my original comment was in support of WCC who theorizes deflation rather than inflation. And it's easy to see the cumulative inflation when you understand the transfer of wealth.
The question is now, are we trying to stop the transfer or increase it?
@dcarr said:
In 1933 gold was confiscated because the obligations of the government, private corporations, and especially the >Federal Reserve, were denominated in gold and there wasn't nearly enough to cover the shortfall.
Gold was technically NOT "confiscated" though many Americans did have to turn in some of their gold. Every American citizen was allowed to hold 5 ounces of gold, which was a large amount of $$$ for many in 1933.
Gold wasn't "confiscated" or restricted because there was a shortfall. It was heavily restricted because the Fed needed to match money supply and demand which was an impossibility if we were going to have an inflexible monetary policy.
Today, government obligations are Social Security, Medicare, Medicaid, etc. If there is going to be any type of >"confiscation", this time around it will likely be curtailment of these entitlements.
If AI is the game-change it supposes to be....our real GDP growth will be 1-1.5% higher going out to 2060 and our problems will be solved.
@derryb said:
to keep you on the keyboard. I appear to have a troll
I'm just looking for you to provide more of.your personal knowledge and wisdom for the benefit of the forum. That's why I ask questions. I just thought maybe you'd like to help/provide/donate to the forum.
OK, all true...but you don't know if there are off-setting trades that net these close to zero.
223 million oz. are net short. That means that there are no offsetting trades.
Bottom Line: It could be a big nothing-burger. These conditions have persisted for YEARS (decades ?) and nothing has happened.
The same could be said about the bond market and the budget deficit. These conditions have persisted for years and nothing has happened.
What will be the catalyst ? When does it move ? Why ?
Here's the deal - if you were to listen to a few podcasts by numerous experts in mining and the silver industry, you would dismiss practically everything they say as a nothing burger anyway. If you are really interested, invest some time.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: OK, all true...but you don't know if there are off-setting trades that net these close to zero.
223 million oz. are net short. That means that there are no offsetting trades.
Bottom Line: It could be a big nothing-burger. These conditions have persisted for YEARS (decades ?) and nothing has happened.
The same could be said about the bond market and the budget deficit. These conditions have persisted for years and nothing has happened.
What will be the catalyst ? When does it move ? Why ?
Here's the deal - if you were to listen to a few podcasts by numerous experts in mining and the silver industry, you would dismiss practically everything they say as a nothing burger anyway. If you are really interested, invest some time.
Not sure where you find your "sources" but here's the deal Jim, expect gutter metal to find its way right back to the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@jmski52 said: OK, all true...but you don't know if there are off-setting trades that net these close to zero.
223 million oz. are net short. That means that there are no offsetting trades.
Bottom Line: It could be a big nothing-burger. These conditions have persisted for YEARS (decades ?) and nothing has happened.
The same could be said about the bond market and the budget deficit. These conditions have persisted for years and nothing has happened.
What will be the catalyst ? When does it move ? Why ?
Here's the deal - if you were to listen to a few podcasts by numerous experts in mining and the silver industry, you would dismiss practically everything they say as a nothing burger anyway. If you are really interested, invest some time.
Not sure where you find your "sources" but here's the deal Jim, expect gutter metal to find its way right back to the gutter. RGDS!
.
Nobody here is ever going to sell you silver on the cheap, so I don't know why you even bother to try and talk it down all the time.
PS:
Sometimes the best speculation is in something that has been relatively out of favor for a time.
Comments
.> @RedneckHB said:
The wealth transfer exists because the middle class gets the money first.
From Time Magazine: The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%
No Way Out: Stimulus and Money Printing Are the Only Path Left
Your comment agrees with me. Middle class (private) got the money from the Govt (public). Transfer of wealth in the form of Govt deficit spending into the private sector.
Now we could debate the words "taken" and "given" if you wish.
Now that we've filled in this rabbit hole,.my original comment was in support of WCC who theorizes deflation rather than inflation. And it's easy to see the cumulative inflation when you understand the transfer of wealth.
The question is now, are we trying to stop the transfer or increase it?
Knowledge is the enemy of fear
lol dude
No Way Out: Stimulus and Money Printing Are the Only Path Left
Very contributory. Why do you even post on this forum?
Knowledge is the enemy of fear
to keep you on the keyboard. I appear to have a troll
No Way Out: Stimulus and Money Printing Are the Only Path Left
Gold was technically NOT "confiscated" though many Americans did have to turn in some of their gold. Every American citizen was allowed to hold 5 ounces of gold, which was a large amount of $$$ for many in 1933.
Gold wasn't "confiscated" or restricted because there was a shortfall. It was heavily restricted because the Fed needed to match money supply and demand which was an impossibility if we were going to have an inflexible monetary policy.
If AI is the game-change it supposes to be....our real GDP growth will be 1-1.5% higher going out to 2060 and our problems will be solved.
OK, all true...but you don't know if there are off-setting trades that net these close to zero.
Bottom Line: It could be a big nothing-burger. These conditions have persisted for YEARS (decades ?) and nothing has happened.
What will be the catalyst ? When does it move ? Why ?
I'm just looking for you to provide more of.your personal knowledge and wisdom for the benefit of the forum. That's why I ask questions. I just thought maybe you'd like to help/provide/donate to the forum.
Knowledge is the enemy of fear
OK, all true...but you don't know if there are off-setting trades that net these close to zero.
223 million oz. are net short. That means that there are no offsetting trades.
Bottom Line: It could be a big nothing-burger. These conditions have persisted for YEARS (decades ?) and nothing has happened.
The same could be said about the bond market and the budget deficit. These conditions have persisted for years and nothing has happened.
What will be the catalyst ? When does it move ? Why ?
Here's the deal - if you were to listen to a few podcasts by numerous experts in mining and the silver industry, you would dismiss practically everything they say as a nothing burger anyway. If you are really interested, invest some time.
I knew it would happen.
Prices of things can.move without a fundamental catalyst. There are thousands of "virtual" examples.
Knowledge is the enemy of fear
Not sure where you find your "sources" but here's the deal Jim, expect gutter metal to find its way right back to the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Not sure where you find your "sources" but here's the deal Jim, expect gutter metal to find its way right back to the gutter. RGDS!
You've bragged about cashing in SLV to purchase physical silver. Why? Your actions don't jive with your words.
I knew it would happen.
.
Nobody here is ever going to sell you silver on the cheap, so I don't know why you even bother to try and talk it down all the time.
PS:
Sometimes the best speculation is in something that has been relatively out of favor for a time.
.