The wealthy can always find the best ways to dodge their tax burden. Nobody else can. The Tax Code insures that. Tax attorneys spend their careers pouring over the code and going to seminars in order to find the best strategies that money can buy. And it pays, big.
Many of the great industrial enterprises were built up before the income tax, and the growth was easier to accomplish than it is now and competition was a stimulus to innovation. And yeah, the competition was cut throat sometimes. But now, instead of breaking up monopolies like Reagan did, the government is subsidizing them.
Now, it's all about barriers to entry and lobbyist power in DC, in order to maximize the advantage. Payola costs a lot of money, ya know. The only competition is to see who can gain access.
I question whether any wealth is being deconcentrated at all. Now, if you are middle class - regardless of whether you are a baby boomer or otherwise - you can expect to be paying a bigger "fair share". No doubt about it.
Q: Are You Printing Money? Bernanke: Not Literally
Will probably go through with no opposition from Washington. The consumer will pay or they will probably loose a lot of customers because of unaffordability.
Typical supply and demand dynamics do not apply to price equilibrium of vital products or services that are "necessities," particularly when suppliers privately conspire to agreed upon prices.
Oh shoot, there I go again, not thinking about the ever present conspiracy theory.
<< <i>Typical supply and demand dynamics do not apply to price equilibrium of vital products or services that are "necessities," particularly when suppliers privately conspire to agreed upon prices.
Oh shoot, there I go again, not thinking about the ever present conspiracy theory. >>
As pointed out in other threads deflation is a result of a growing income inequality.
"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
While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors).
"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
<< <i>While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors). >>
I blame the electorate who continues to reelect these self serving, corrupt civil servants. Often the graft and thievery is disregarded for a few more bucks in food stamps and a few taxpayer paid medical exams.
<< <i>While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors). >>
I blame the electorate who continues to reelect these self serving, corrupt civil servants. Often the graft and thievery is disregarded for a few more bucks in food stamps and a few taxpayer paid medical exams. >>
People are too stupid to understand or they simply do not care. Our education system is failing
<< <i>While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors). >>
I blame the electorate who continues to reelect these self serving, corrupt civil servants. Often the graft and thievery is disregarded for a few more bucks in food stamps and a few taxpayer paid medical exams. >>
People are too stupid to understand or they simply do not care. Our education system is failing >>
As pointed out in other threads deflation is a result of a growing income inequality. >>
As we've pointed out this is not true.
But to the point of the above referenced link, lets talk about demographics. Rich dude has 1 kid. Po' family has 10 kids. Presto magico--look at that wealth inequality.
deflation is a result of a growing income inequality
maybe growing income inequality is a result of decisions various people decide to make about how they spend their time and money.
or maybe deflation is a result of people in the aggregate increasingly already "having one of those" which reduces demand for new ones.
or maybe deflation is a result of general demographics and population trends, or even our old friend "regression to the mean", the unwinding of years of inflation fueled by the baby boomers in America and the industrial revolution finally reaching the third world
Look at Japan, I mean really look at it on a map. It's small, geographically and population-wise. Did it ever "deserve" the giant economy it had? or it's annual growth rate of it's economy?
<< <i>Look at Japan, I mean really look at it on a map. It's small, geographically and population-wise. Did it ever "deserve" the giant economy it had? or it's annual growth rate of it's economy? >>
Land mass and population of Japan exceeds that of economic powerhouse Germany.
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler
"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
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler >>
Good grief... I thought we finally laid to rest MGL's non PM related personal & distorted views of "Mother Earth." And here you go, following in his footsteps, withe your own misguided interpretation of things to come. Time to evacuate this Planet!...BTW have you seen the Movie "Interstellar?"
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>your own misguided interpretation of things to come. >>
It is the view of one of the world's top currency experts. Since you don't agree with him that makes you right and him wrong? You should re-evaluate your qualifications before making such a claim.
"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
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler >>
Good grief... I thought we finally laid to rest MGL's non PM related personal & distorted views of "Mother Earth." And here you go, following in his footsteps, withe your own misguided interpretation of things to come. Time to evacuate this Planet!...BTW have you seen the Movie "Interstellar?" >>
Some may think your calling his view misguided is being a bit misguided as well. The writing is on the wall. I don't for the life of me see how some choose to not see it right in front of their faces.
We are living in crazy times where what is right is called wrong, and what is wrong is called right....
<< <i>oops, I forgot that this time it is different.
<< <i>your own misguided interpretation of things to come. >>
It is the view of one of the world's top currency experts. Since you don't agree with him that makes you right and him wrong? You should re-evaluate your qualifications before making such a claim. >>
Really? To me, he's just another author, trying to market his book and web site and not some demigod of world currency's. "Jim Rickards has published a third book entitled “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” It’s available exclusively for readers of his monthly investment letter called Strategic Intelligence."
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>oops, I forgot that this time it is different.
<< <i>your own misguided interpretation of things to come. >>
It is the view of one of the world's top currency experts. Since you don't agree with him that makes you right and him wrong? You should re-evaluate your qualifications before making such a claim. >>
Really? To me, he's just another author, trying to market his book and web site and not some demigod of world currency's. "Jim Rickards has published a third book entitled “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” It’s available exclusively for readers of his monthly investment letter called Strategic Intelligence." >>
Really? But you choose to overlook that he "is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is the author of The New York Times bestsellers Currency Wars and The Death of Money. Jim also serves as Chief Economist for West Shore Group."
So, he profits from his knowledge. Who doesn't? No offense, but I'll stick with his qualifications and experience over those of an anonymous forum opinion. Just out of curiosity what "experts" do you follow who do not profit from their expertise? To discount opinion because one makes a living from it is fairly stupid.
"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
Lol, sad state of affairs when one believes someone because they are a lawyer, lol, then top it off claims to be an economist, lol, credentialed by whom?, and the trifecta an investment banker, lol, omg anyone can say they are anything and it's meaningless it gives them no additional clout or knowledge....how many lawyers in political office?...lol, to the demise of America ...
As in any profession, there are winners, losers and zero's, none are all the same...
<< <i>Technically, "the world as we know it" ends every single moment of our lives, doesn't it? >>
The one world system that is coming changes everything. >>
Even worse, I have it on the highest authority that they're going to be outsourcing the entire operation to Big Gay. Better dust off the chaps, Stan. >>
I'm not sure where you're going with this, but I don't want to hear about poster's private lives. Thanks..
Well, I heard right on this forum that "EVERYTHING IS GONNA CHANGE", so I guess if you believe that, well, whatever orientation you are now, that gonna TRANSition for YOU at least
Personally, I don't believe EVERYthing gonna change so I guess I safe
<< <i>Well, I heard right on this forum that "EVERYTHING IS GONNA CHANGE", so I guess if you believe that, well, whatever orientation you are now, that gonna TRANSition for YOU at least
Personally, I don't believe EVERYthing gonna change so I guess I safe >>
<< <i>Well, I heard right on this forum that "EVERYTHING IS GONNA CHANGE", so I guess if you believe that, well, whatever orientation you are now, that gonna TRANSition for YOU at least
Personally, I don't believe EVERYthing gonna change so I guess I safe >>
<< <i>Well, I heard right on this forum that "EVERYTHING IS GONNA CHANGE", so I guess if you believe that, well, whatever orientation you are now, that gonna TRANSition for YOU at least
Personally, I don't believe EVERYthing gonna change so I guess I safe >>
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler >>
Good grief... I thought we finally laid to rest MGL's non PM related personal & distorted views of "Mother Earth." And here you go, following in his footsteps, withe your own misguided interpretation of things to come. Time to evacuate this Planet!...BTW have you seen the Movie "Interstellar?" >>
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
"Today’s clueless Keynesian central bankers essentially believe that they can keep the pedal-to-the-metal until a 1970’s style inflationary spiral arises. But none is coming because the worldwide central bank money printing spree of the last two decades has generated massive excessive capacity and malinvestment all around the planet. What is coming, therefore, is not their father’s inflationary spiral, but an unprecedented and epochal global deflation."
This deflationary force continues to be gold's biggest threat. It threatens the dollar value of all investment assets. Until deflation is tamed (and it will be a long time) hard assets will bear the brunt of lower prices. When Wall Street (and the investing public) comprehend this, equities will take a huge hit.
"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
This deflationary force continues to be gold's biggest threat. It threatens the dollar value of all investment assets. Until deflation is tamed (and it will be a long time) hard assets will bear the brunt of lower prices. When Wall Street (and the investing public) comprehend this, equities will take a huge hit.
Gold will become predominant when it's to the advantage of whoever is in charge at the time. If deflation gets out of control (and it seems to be trending in that direction), then it becomes a matter of relative valuation across all asset classes. In that case, gold could become the saving grace even if it's value in dollars declines.
Add to that the fact that the attack on the dollar as the world's reserve currency, as every other country, including our former allies is looking for an alternative to SWIFTS and has seemingly found it in China's infrastructure banking framework.
The push is towards forcing people into a single, monolithic structure. More and more, it feels like Milo Minderbinder is running D.C. Gold is the contrarian move, although it's anyone's guess whether or not it will emerge as an asset that can be owned by individuals for preserving wealth. FDR certainly pushed against gold, and it could always happen again.
Q: Are You Printing Money? Bernanke: Not Literally
"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
<< <i>What is this deflation of which you speak? >>
Yeah, again, I seem to recall lots of "warnings" on these boards that hyperinflation was imminent due to the Feds reckless actions. Now the "warnings" and "worries" are about deflation? Kinda makes me wonder a little. Just sayin'
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
Comments
Many of the great industrial enterprises were built up before the income tax, and the growth was easier to accomplish than it is now and competition was a stimulus to innovation. And yeah, the competition was cut throat sometimes. But now, instead of breaking up monopolies like Reagan did, the government is subsidizing them.
Now, it's all about barriers to entry and lobbyist power in DC, in order to maximize the advantage. Payola costs a lot of money, ya know. The only competition is to see who can gain access.
I question whether any wealth is being deconcentrated at all. Now, if you are middle class - regardless of whether you are a baby boomer or otherwise - you can expect to be paying a bigger "fair share". No doubt about it.
I knew it would happen.
Merger of Comcast and Time Warner
Will probably go through with no opposition from Washington. The consumer will pay or they will probably loose a lot of customers because of unaffordability.
Box of 20
Oh shoot, there I go again, not thinking about the ever present conspiracy theory.
Knowledge is the enemy of fear
<< <i>Typical supply and demand dynamics do not apply to price equilibrium of vital products or services that are "necessities," particularly when suppliers privately conspire to agreed upon prices.
Oh shoot, there I go again, not thinking about the ever present conspiracy theory.
Davos ain't a Bridge tournament.
Liberty: Parent of Science & Industry
As pointed out in other threads deflation is a result of a growing income inequality.
"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
<< <i>Wealth continues to concentrate
As pointed out in other threads deflation is a result of a growing income inequality. >>
Derryb, good time to pull up the old thread, during this years Davos collusion convention.
<< <i>
<< <i>Wealth continues to concentrate
As pointed out in other threads deflation is a result of a growing income inequality. >>
Derryb, good time to pull up the old thread, during this years Davos collusion convention. >>
How about a fresh insight into the growth of income equality?
While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors).
"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
<< <i>While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors). >>
I blame the electorate who continues to reelect these self serving, corrupt civil servants. Often the graft and thievery is disregarded for a few more bucks in food stamps and a few taxpayer paid medical exams.
<< <i>
<< <i>While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors). >>
I blame the electorate who continues to reelect these self serving, corrupt civil servants. Often the graft and thievery is disregarded for a few more bucks in food stamps and a few taxpayer paid medical exams. >>
People are too stupid to understand or they simply do not care. Our education system is failing
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>
<< <i>
<< <i>While the author appears to be blaming the WH, I blame the entire economic leadership (both flavors). >>
I blame the electorate who continues to reelect these self serving, corrupt civil servants. Often the graft and thievery is disregarded for a few more bucks in food stamps and a few taxpayer paid medical exams. >>
People are too stupid to understand or they simply do not care. Our education system is failing >>
So Gruber IS right.
Gruber wouldn't make it in private enterprise. The competition would eat him alive.
I knew it would happen.
<< <i>
So Gruber IS right. >>
Gruber wasn't talking about you and me. He had the 53% in mind.
<< <i>
<< <i>
So Gruber IS right. >>
Gruber wasn't talking about you and me. He had the 53% in mind. >>
More like 83%!
<< <i>Wealth continues to concentrate
As pointed out in other threads deflation is a result of a growing income inequality. >>
As we've pointed out this is not true.
But to the point of the above referenced link, lets talk about demographics. Rich dude has 1 kid. Po' family has 10 kids. Presto magico--look at that wealth inequality.
Knowledge is the enemy of fear
maybe growing income inequality is a result of decisions various people decide to make about how they spend their time and money.
or maybe deflation is a result of people in the aggregate increasingly already "having one of those" which reduces demand for new ones.
or maybe deflation is a result of general demographics and population trends, or even our old friend "regression to the mean", the unwinding of years of inflation fueled by the baby boomers in America and the industrial revolution finally reaching the third world
Look at Japan, I mean really look at it on a map. It's small, geographically and population-wise. Did it ever "deserve" the giant economy it had? or it's annual growth rate of it's economy?
Sure, in the short run. But then..
Liberty: Parent of Science & Industry
<< <i>Look at Japan, I mean really look at it on a map. It's small, geographically and population-wise. Did it ever "deserve" the giant economy it had? or it's annual growth rate of it's economy? >>
Land mass and population of Japan exceeds that of economic powerhouse Germany.
Money Illusion and inflation
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler
"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
<< <i>Money Illusion and inflation
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler >>
Good grief... I thought we finally laid to rest MGL's non PM related personal & distorted views of "Mother Earth." And here you go, following in his footsteps, withe your own misguided interpretation of things to come. Time to evacuate this Planet!...BTW have you seen the Movie "Interstellar?"
<< <i>your own misguided interpretation of things to come. >>
It is the view of one of the world's top currency experts. Since you don't agree with him that makes you right and him wrong? You should re-evaluate your qualifications before making such a claim.
"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
<< <i>
<< <i>Money Illusion and inflation
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler >>
Good grief... I thought we finally laid to rest MGL's non PM related personal & distorted views of "Mother Earth." And here you go, following in his footsteps, withe your own misguided interpretation of things to come. Time to evacuate this Planet!...BTW have you seen the Movie "Interstellar?"
Some may think your calling his view misguided is being a bit misguided as well. The writing is on the wall. I don't for the life of me see how some choose to not see it right in front of their faces.
We are living in crazy times where what is right is called wrong, and what is wrong is called right....
<< <i>oops, I forgot that this time it is different.
<< <i>your own misguided interpretation of things to come. >>
It is the view of one of the world's top currency experts. Since you don't agree with him that makes you right and him wrong? You should re-evaluate your qualifications before making such a claim. >>
Really?
To me, he's just another author, trying to market his book and web site and not some demigod of world currency's.
"Jim Rickards has published a third book entitled “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” It’s available exclusively for readers of his monthly investment letter called Strategic Intelligence."
<< <i>
<< <i>oops, I forgot that this time it is different.
<< <i>your own misguided interpretation of things to come. >>
It is the view of one of the world's top currency experts. Since you don't agree with him that makes you right and him wrong? You should re-evaluate your qualifications before making such a claim. >>
Really?
To me, he's just another author, trying to market his book and web site and not some demigod of world currency's.
"Jim Rickards has published a third book entitled “The Big Drop: How to Grow Your Wealth During the Coming Collapse.” It’s available exclusively for readers of his monthly investment letter called Strategic Intelligence." >>
Really? But you choose to overlook that he "is an American lawyer, economist, and investment banker with 35 years of experience working in capital markets on Wall Street. He is the author of The New York Times bestsellers Currency Wars and The Death of Money. Jim also serves as Chief Economist for West Shore Group."
So, he profits from his knowledge. Who doesn't? No offense, but I'll stick with his qualifications and experience over those of an anonymous forum opinion. Just out of curiosity what "experts" do you follow who do not profit from their expertise? To discount opinion because one makes a living from it is fairly stupid.
"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
Oh, it's easy to say that "he's right, just not yet"
Well, the world very seldom ends, and the sky always seems to be falling, but it never... quite... does
Liberty: Parent of Science & Industry
<< <i>Well, let's just see if he's right. So far, no cigar.
Oh, it's easy to say that "he's right, just not yet"
Well, the world very seldom ends, and the sky always seems to be falling, but it never... quite... does >>
Well, the world isn't going to end, but the world as we have known it will. I wonder what the skeptics will do then?
Liberty: Parent of Science & Industry
<< <i>Technically, "the world as we know it" ends every single moment of our lives, doesn't it? >>
The one world system that is coming changes everything.
A visit from the ghost of MGlickmas past
As in any profession, there are winners, losers and zero's, none are all the same...
<< <i>
<< <i>Technically, "the world as we know it" ends every single moment of our lives, doesn't it? >>
The one world system that is coming changes everything. >>
Even worse, I have it on the highest authority that they're going to be outsourcing the entire operation to Big Gay. Better dust off the chaps, Stan.
We've been Glicked.
<< <i>
<< <i>
<< <i>Technically, "the world as we know it" ends every single moment of our lives, doesn't it? >>
The one world system that is coming changes everything. >>
Even worse, I have it on the highest authority that they're going to be outsourcing the entire operation to Big Gay. Better dust off the chaps, Stan. >>
I'm not sure where you're going with this, but I don't want to hear about poster's private lives. Thanks..
Personally, I don't believe EVERYthing gonna change so I guess I safe
Liberty: Parent of Science & Industry
<< <i>Well, I heard right on this forum that "EVERYTHING IS GONNA CHANGE", so I guess if you believe that, well, whatever orientation you are now, that gonna TRANSition for YOU at least
Personally, I don't believe EVERYthing gonna change so I guess I safe >>
Hey, they laughed at Noah as well.
<< <i>
<< <i>Well, I heard right on this forum that "EVERYTHING IS GONNA CHANGE", so I guess if you believe that, well, whatever orientation you are now, that gonna TRANSition for YOU at least
Personally, I don't believe EVERYthing gonna change so I guess I safe >>
Hey, they laughed at Noah as well.
That totally happened too!
<< <i>
<< <i>
<< <i>Well, I heard right on this forum that "EVERYTHING IS GONNA CHANGE", so I guess if you believe that, well, whatever orientation you are now, that gonna TRANSition for YOU at least
Personally, I don't believe EVERYthing gonna change so I guess I safe >>
Hey, they laughed at Noah as well.
That totally happened too! >>
It's a documented historical event.
<< <i>oh man, I don't know how to break this to you Stan, but Evan Almighty wasn't a documentary. >>
Please do yourself a favor and go research some more. Thanks..
<< <i>
<< <i>oh man, I don't know how to break this to you Stan, but Evan Almighty wasn't a documentary. >>
Please do yourself a favor and go research some more. Thanks.. >>
OK, I just watched it again. You win! I stand corrected. That Noah was a real ice cream paint job kinda bro.
<< <i>
<< <i>
<< <i>oh man, I don't know how to break this to you Stan, but Evan Almighty wasn't a documentary. >>
Please do yourself a favor and go research some more. Thanks.. >>
OK, I just watched it again. You win! I stand corrected. That Noah was a real ice cream paint job kinda bro. >>
depending on how one defines that its either very true or very ewwwwwwwwwwwww
Pimp My Ark, coming soon to the God Channel.
<< <i>
<< <i>Money Illusion and inflation
"The truth is, when you rig a money system with price interventions, distortions, and perversions, they will eventually express themselves in ways destructive to the system. In the present case of world-wide QE and central bank monkey business, these rackets are expressing themselves, finally, in wobbling currencies. In many nations, people are deeply unsure of what their money is worth, and how much it might be worth a month from now. This includes the USA, except for the moment our money is said to be magically appreciating in value compared to everyone else’s. Aren’t we special?" -J. Kunstler >>
Good grief... I thought we finally laid to rest MGL's non PM related personal & distorted views of "Mother Earth." And here you go, following in his footsteps, withe your own misguided interpretation of things to come. Time to evacuate this Planet!...BTW have you seen the Movie "Interstellar?"
Apparently, they can. Yes, "they" can. I can't. You can't. But "they" can. (Just for you, Baley.)
Us, and them
And after all we're only ordinary men.
Me, and you.
God only knows it's not what we would choose to do.
Forward he cried from the rear
and the front rank died.
And the general sat and the lines on the map
moved from side to side.
Black and blue
And who knows which is which and who is who.
Up and down.
But in the end it's only round and round.
Haven't you heard it's a battle of words
The poster bearer cried.
Listen son, said the man with the gun
There's room for you inside.
Down and out
It can't be helped but there's a lot of it about.
With, without.
And who'll deny it's what the fighting's all about?
Out of the way, it's a busy day
I've got things on my mind.
For the want of the price of tea and a slice
The old man died.
I knew it would happen.
<< <i>Hey, what's the deal with $18 trillion in debt? Does it really matter? Hey, can't they just raise the debt ceiling and print more money?
Apparently, they can. Yes, "they" can. I can't. You can't. But "they" can. (Just for you, Baley.)
Us, and them
And after all we're only ordinary men.
Me, and you.
God only knows it's not what we would choose to do.
Forward he cried from the rear
and the front rank died.
And the general sat and the lines on the map
moved from side to side.
Black and blue
And who knows which is which and who is who.
Up and down.
But in the end it's only round and round.
Haven't you heard it's a battle of words
The poster bearer cried.
Listen son, said the man with the gun
There's room for you inside.
Down and out
It can't be helped but there's a lot of it about.
With, without.
And who'll deny it's what the fighting's all about?
Out of the way, it's a busy day
I've got things on my mind.
For the want of the price of tea and a slice
The old man died. >>
Nothing like a little Floyd to clear things up!!!
"Today’s clueless Keynesian central bankers essentially believe that they can keep the pedal-to-the-metal until a 1970’s style inflationary spiral arises. But none is coming because the worldwide central bank money printing spree of the last two decades has generated massive excessive capacity and malinvestment all around the planet. What is coming, therefore, is not their father’s inflationary spiral, but an unprecedented and epochal global deflation."
This deflationary force continues to be gold's biggest threat. It threatens the dollar value of all investment assets. Until deflation is tamed (and it will be a long time) hard assets will bear the brunt of lower prices. When Wall Street (and the investing public) comprehend this, equities will take a huge hit.
"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
Gold will become predominant when it's to the advantage of whoever is in charge at the time. If deflation gets out of control (and it seems to be trending in that direction), then it becomes a matter of relative valuation across all asset classes. In that case, gold could become the saving grace even if it's value in dollars declines.
Add to that the fact that the attack on the dollar as the world's reserve currency, as every other country, including our former allies is looking for an alternative to SWIFTS and has seemingly found it in China's infrastructure banking framework.
The push is towards forcing people into a single, monolithic structure. More and more, it feels like Milo Minderbinder is running D.C. Gold is the contrarian move, although it's anyone's guess whether or not it will emerge as an asset that can be owned by individuals for preserving wealth. FDR certainly pushed against gold, and it could always happen again.
I knew it would happen.
Knowledge is the enemy of fear
"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
<< <i>What is this deflation of which you speak? >>
Yeah, again, I seem to recall lots of "warnings" on these boards that hyperinflation was imminent due to the Feds reckless actions.
Now the "warnings" and "worries" are about deflation?
Kinda makes me wonder a little.
Just sayin'