I'm still waiting for you to offer up a currency that would be superior to the dollar here in the USA or abroad.
I'm still waiting for butta to establish why he is wasting bandwidth trying to trade Frankie's at 30x when I can buy them in LA at 12x retail!
I'm still waiting for Baley to establish his bonafides for his brilliant diversification into CA & Au currencies at the height of the commodities balloon. That's probably going to be a helluva wait. Because it didn't happen.
In short, there was a little soiree awhile back about hitler meeting cac. Remember that? A little snide remark about what passes for intelligence around here sometimes was made.
Still is true. You lads better wake up with blind faith against the dollar and believing gold and silver are your salvation. Just as India was used to bid up China for world petroleum reserves and stuck Chinese ownership of producing reserves at >$80/barrel we will now see within 36 months a slow silent disgourging of Chinese gold reserves for them to pay obligations. China has been sucker punched. They've based too much of their economy on international demand and are not prepared for their own "1929" which is now in progress.
<< <i>I'm still waiting for you to offer up a currency that would be superior to the dollar here in the USA or abroad >>
A dollar, or any currency, that can't be printed at will. I'm not anti-dollar, I am anti-fiat.
Restraints are required to protect integrity and value. Integrity and value are what provide real currency strength, not a meaningless dollar index. Dollar index is sorta like saying "hey, I might be ugly, but I'm not as ugly as those other six guys." Bottom line is it doesn't make you any less ugly.
<< <i>You lads better wake up with blind faith against the dollar and believing gold and silver are your salvation. >>
I have short term faith in the dollar, the size of my banking accounts proves it. My long term faith lies with something that cannot be printed, the size of my stack proves that.
"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 'm still waiting for you to offer up a currency that would be superior to the dollar here in the USA or abroad. >>
Seems easy to me. USDX went from 165 to 98 since early 1985. That's proof of a strong currency? Now maybe if we get back to 120-140 that argument might improve. In that same time gold has gone from $290 to $1130. Seems pretty obvious which one has been the better store of value, better money, protective of price inflation. It would have been stupid to be sitting on "strong" dollars for the past 30 years....as well as the next 30 years. Pick any time frame since the US closed the gold window (Aug 1971) and gold has performed better than any other currency. No surprise there as that what it has always been designed to do. After all, it was money and currency once before. And it's still the only item out there that meets all the original required definitions of money....particularly the one that says "money" has to be able to extinguish debts....not merely repackaging that debt into a different format. FRN's are not money. They are merely chosen barter bills that allow one to exchange item A for item B. There's no gold standard in our futures. It doesn't change the argument though. Something that has lost 40% of it's value since 1985 hardly seems to be superior. That would suggest we'd have been better off in the basket of 6 foreign currencies for the past 30 years. Or does the index not say that? The world is trying to move towards a more unified SDR (currency) through the IMF. It will probably be another basket of currencies/items. The dollar will be part of it, but it's former world role will be diminished.
Hmm, China is headed toward "its" 1929, yet somehow the US gorging on financial markets for the past 70-80 years is not susceptible to the same thing? (ie zero linkage with the rest of the world economies). When was the last major long term crash we had? Answer: 1929 or 1894. When would the next one be due? What would precipitate it? Seems to me the entire world is lining up for the next "1929 event." This 8 year peak in the business/economic cycle is due in the fall of 2015. Then what? The last peak coincided pretty well with the stock market and real estate tops in 2007. Once the dead cat bounce is done off the 2011 bottom, look out below. QE will be forced to return. Maybe a QE extension might slip things into 2016. Obama is around until January 2017. It's going to be part of his legacy, even though his predecessors did a lot of the heavy lifting.
<< <i>Now, just one question - do you think the Fed is going to be forced into more QE as the unfunded liabilities come due?
Crickets? >>
The punch bowl always needs a refill, at least until the party is over.
"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
OP states de-dollarization (whew was that a challenge for my speilcheck lol) accelerates. Was OP banned? because I don't see it happening. And he sure hasn't been around to offer me evidence
You folks who DO believe it is happening then by all means hang onto your rubles.
Ever hear of BRICS? Pretty quiet on the BRICS front these days, eh?
DK, I lost money on paper from 2000 to 2010 but i'll be OK. Scrap is not my business. It is my neighbors business. It is a sressfull time for him but he's wealthier than the pope and he'll be fine.
Baley, you're full of yourself. No cred. Come to SoS and look around.
Wasn't you that posted the chart that showed the denial points in the tapering off of a boom bust cycle?
Well, to make it short and sweet that's where we are. I have always had an affinity for the yellow stuff but personally have tried to recognize when I should taper my obsession. LIKE NOW.
I believe that within several years we will look back and view China as the new Hunt Bros. JMO. I have to be careful because I do not have unlimited resources. Good time to sit on the sidelines for gold.
Look around and try to find what seems to be undervalued and that can be purchased. Not easy to do.
I missed the time in San Jose when Wozniak was walking down the street in the 80's handing out hundreds and thousands of shares to neighbors he liked.
I missed the time in San Jose when Wozniak was walking down the street in the 80's handing out hundreds and thousands of shares to neighbors he liked.
Baley, pppppfffffffffffft. >>
Born and raised in San Jose (Almaden Valley/ Blossom Hill area) though never met any of the Silicon valley legends
Edit: wait, by "missed" did you mean it happened nearby and you "just missed" getting the windfall, or that you Did get the gift shares and now you miss those good times?
it was unclear the way stated. or were a neighbor he didn't like?
Bailey, Woz was not a neighbor. But he knew people I did who were astonished at the generosity. Several people became millionaires.
I grew up on Campbell Ave near Leigh. Like a who's who of San Jose when I look back. You'd recognize the names. I think I'm a little older. We just thought at the time that the environment was like this for everyone but as I look back I recognize how truly exceptional that neighborhood was. So many spoiled brats and so many super achievers. I look back and have tried to analyze which parents had the key to raising children and have tried to emulate those that did.
Oh, and by the way Baley, it's not necessary to try so hard. I'm just being tough on ya.
All in good fun, I'm smiling at the recollections. Yes, you're probably a few years older, but similar backgrounds and views on childrearing, doing our best not to raise Sheeple
Noted in your link: "the dollar is still good as gold." For how long?
"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
Yeah, in addition to all that blab how about all those posts about hyperinflation being imminent that we heard here over the last few years! Bottom line....no one can accurately predict what will happen/know the future....even with "charts"!
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<< <i>Get me a chart and in the future I will sail around the world... >>
What will it take to get you to discuss PMs or anything that affects them?
"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>...Yeah, in addition to all that blab how about all those posts about hyperinflation being imminent that we heard here over the last few years! Bottom line....no one can accurately predict what will happen/know the future....even with "charts"! >>
There's hyperinflation around the world. Just ask Russia, Venezuela, Ukraine, Sudan, Iran, Ethiopia, North Korea, Belarus, Argentina, Syria, Ghana, Brazil etc. The world's stock markets saw plenty of strong inflation from 2009-2014. Unlimited govt-QE money had to land somewhere. The fact that Money Base, and M2 all increased steadily suggested monetary inflation was in play as almost always. Hyperinflation is out there....you just have to look past your own mail box to see it. Over half the world's countries have inflation rates >4%. 3 dozen are >7%. 16 are >10%. 7 in full hyperinflation. While it may not all be hyperinflation, it's certainly not deflation for these guys. Deflation in the US and Eurozone is not necessarily what the rest of the world sees. And what goes around....usually comes back around. The longer the end is delayed....the worse the ending.
Hyperinflation is about when faith in currencies rapidly declines. That can happen to both rich and poor nations . And there's lots of currencies out there losing the faith.
<< <i>There's hyperinflation around the world. Just ask Russia, Venezuela, Ukraine, Sudan, Iran, Ethiopia, North Korea, Belarus, Argentina, Syria, Ghana, Brazil >>
(I'm surprised you did not toss in Zimbabwe )
Wow...all those "top" industrial nations with hi. I'm really scared and concerned..NOT.
<< <i>Yeah, in addition to all that blab how about all those posts about hyperinflation being imminent that we heard here over the last few years! >>
Agree. And we all know who they are.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Let's see what "unlimited" Fed spending does for the bond market, on top of 22 million job losses in 4 weeks. Unfunded liabilities? What a joke.
No demand for oil, no airline traffic, economy all screwed up. Buy hey, look at that stock market! If you think any of these markets are real, you need to smoke something else.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Let's see what "unlimited" Fed spending does for the bond market, on top of 22 million job losses in 4 weeks. Unfunded liabilities? What a joke.
No demand for oil, no airline traffic, economy all screwed up. Buy hey, look at that stock market! If you think any of these markets are real, you need to smoke something else.
Regardless of whether equities go up or down from day to day based on current events, do you believe companies have no value? Walmart, Coca-Cola, Verizon, Apple, Microsoft, Caterpillar, 3M, IBM are all worthless?
Regardless of whether equities go up or down from day to day based on current events, do you believe companies have no value? Walmart, Coca-Cola, Verizon, Apple, Microsoft, Caterpillar, 3M, IBM are all worthless?
No.
I recall an old saying, "We all know who is doing what, and to whom - the only question is the price."
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Let's see what "unlimited" Fed spending does for the bond market, on top of 22 million job losses in 4 weeks. Unfunded liabilities? What a joke.
No demand for oil, no airline traffic, economy all screwed up. Buy hey, look at that stock market! If you think any of these markets are real, you need to smoke something else.
Regardless of whether equities go up or down from day to day based on current events, do you believe companies have no value? Walmart, Coca-Cola, Verizon, Apple, Microsoft, Caterpillar, 3M, IBM are all worthless?
I believe these companies no longer have value: Compaq, Eastern Airlines, Enron, Wang, Blockbuster, Polaroid, Netscape, Kodak, Pan Am, Standard Oil, and Arthur Anderson.
"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
@jmski52 said:
Let's see what "unlimited" Fed spending does for the bond market, on top of 22 million job losses in 4 weeks. Unfunded liabilities? What a joke.
No demand for oil, no airline traffic, economy all screwed up. Buy hey, look at that stock market! If you think any of these markets are real, you need to smoke something else.
Regardless of whether equities go up or down from day to day based on current events, do you believe companies have no value? Walmart, Coca-Cola, Verizon, Apple, Microsoft, Caterpillar, 3M, IBM are all worthless?
I believe these companies no longer have value: Compaq, Eastern Airlines, Enron, Wang, Blockbuster, Polaroid, Netscape, Kodak, Pan Am, Standard Oil, and Arthur Anderson.
I think you were trying to make a (rather poor) point of saying in these companies people lost all their money. Perhaps you did not know that Compaq was acquired by Hewlett Packard, Netscape by AOL and now Verizon, Standard Oil is now Exxon, Chevron, Marathon and BP. Arthur Anderson was never a publicly traded company.
A better example of losing all one's money would be the following, as the owners of these truly lost it all.....
"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
Comments
I'm still waiting for you to offer up a currency that would be superior to the dollar here in the USA or
abroad.
I'm still waiting for butta to establish why he is wasting bandwidth trying to trade Frankie's at 30x when I can buy them in LA at 12x retail!
I'm still waiting for Baley to establish his bonafides for his brilliant diversification into CA & Au currencies at the height of the commodities balloon. That's probably going to be a helluva wait.
In short, there was a little soiree awhile back about hitler meeting cac. Remember that? A little snide remark about what passes for intelligence around here sometimes was made.
Still is true. You lads better wake up with blind faith against the dollar and believing gold and silver are your salvation.
Just as India was used to bid up China for world petroleum reserves and stuck Chinese ownership of producing reserves at >$80/barrel we will now see within 36 months a slow silent disgourging of Chinese gold reserves for them to pay obligations. China has been sucker punched. They've based too much of their economy on international demand and are not prepared for their own "1929" which is now in progress.
<< <i>I'm still waiting for you to offer up a currency that would be superior to the dollar here in the USA or abroad >>
A dollar, or any currency, that can't be printed at will. I'm not anti-dollar, I am anti-fiat.
Restraints are required to protect integrity and value. Integrity and value are what provide real currency strength, not a meaningless dollar index. Dollar index is sorta like saying "hey, I might be ugly, but I'm not as ugly as those other six guys." Bottom line is it doesn't make you any less ugly.
<< <i>You lads better wake up with blind faith against the dollar and believing gold and silver are your salvation. >>
I have short term faith in the dollar, the size of my banking accounts proves it.
My long term faith lies with something that cannot be printed, the size of my stack proves that.
"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 'm still waiting for you to offer up a currency that would be superior to the dollar here in the USA or
abroad. >>
Seems easy to me. USDX went from 165 to 98 since early 1985. That's proof of a strong currency? Now maybe if we get back to 120-140 that argument might improve. In that same time gold has gone from $290 to $1130. Seems pretty obvious which one has been the better store of value, better money, protective of price inflation. It would have been stupid to be sitting on "strong" dollars for the past 30 years....as well as the next 30 years. Pick any time frame since the US closed the gold window (Aug 1971) and gold has performed better than any other currency. No surprise there as that what it has always been designed to do. After all, it was money and currency once before. And it's still the only item out there that meets all the original required definitions of money....particularly the one that says "money" has to be able to extinguish debts....not merely repackaging that debt into a different format. FRN's are not money. They are merely chosen barter bills that allow one to exchange item A for item B. There's no gold standard in our futures. It doesn't change the argument though. Something that has lost 40% of it's value since 1985 hardly seems to be superior. That would suggest we'd have been better off in the basket of 6 foreign currencies for the past 30 years. Or does the index not say that? The world is trying to move towards a more unified SDR (currency) through the IMF. It will probably be another basket of currencies/items. The dollar will be part of it, but it's former world role will be diminished.
Dollar chart
Hmm, China is headed toward "its" 1929, yet somehow the US gorging on financial markets for the past 70-80 years is not susceptible to the same thing? (ie zero linkage with the rest of the world economies). When was the last major long term crash we had? Answer: 1929 or 1894. When would the next one be due? What would precipitate it? Seems to me the entire world is lining up for the next "1929 event." This 8 year peak in the business/economic cycle is due in the fall of 2015. Then what? The last peak coincided pretty well with the stock market and real estate tops in 2007. Once the dead cat bounce is done off the 2011 bottom, look out below. QE will be forced to return. Maybe a QE extension might slip things into 2016. Obama is around until January 2017. It's going to be part of his legacy, even though his predecessors did a lot of the heavy lifting.
Crickets?
I knew it would happen.
<< <i>Now, just one question - do you think the Fed is going to be forced into more QE as the unfunded liabilities come due?
Crickets? >>
The punch bowl always needs a refill, at least until the party is over.
"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
You folks who DO believe it is happening then by all means hang onto your rubles.
Ever hear of BRICS? Pretty quiet on the BRICS front these days, eh?
Knowledge is the enemy of fear
('course, he never 'proved' it with a picture
Liberty: Parent of Science & Industry
DK, I lost money on paper from 2000 to 2010 but i'll be OK. Scrap is not my business. It is my neighbors business. It is a sressfull time for him but he's wealthier than the pope and he'll be fine.
Baley, you're full of yourself. No cred. Come to SoS and look around.
more cred
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
Wasn't you that posted the chart that showed the denial points in the tapering off of a boom bust cycle?
Well, to make it short and sweet that's where we are. I have always had an affinity for the yellow stuff but personally have tried to recognize when I should taper my obsession. LIKE NOW.
I believe that within several years we will look back and view China as the new Hunt Bros. JMO.
I have to be careful because I do not have unlimited resources. Good time to sit on the sidelines for gold.
Look around and try to find what seems to be undervalued and that can be purchased. Not easy to do.
I missed the time in San Jose when Wozniak was walking down the street in the 80's handing out hundreds and thousands of shares to neighbors he liked.
Baley, pppppfffffffffffft.
<< <i>
I missed the time in San Jose when Wozniak was walking down the street in the 80's handing out hundreds and thousands of shares to neighbors he liked.
Baley, pppppfffffffffffft. >>
Born and raised in San Jose (Almaden Valley/ Blossom Hill area) though never met any of the Silicon valley legends
Edit: wait, by "missed" did you mean it happened nearby and you "just missed" getting the windfall, or that you Did get the gift shares and now you miss those good times?
it was unclear the way stated. or were a neighbor he didn't like?
Liberty: Parent of Science & Industry
I grew up on Campbell Ave near Leigh. Like a who's who of San Jose when I look back. You'd recognize the names. I think I'm a little older.
We just thought at the time that the environment was like this for everyone but as I look back I recognize how truly exceptional that neighborhood was. So many spoiled brats and so many super achievers. I look back and have tried to analyze which parents had the key to raising children and have tried to emulate those that did.
Oh, and by the way Baley, it's not necessary to try so hard. I'm just being tough on ya.
Liberty: Parent of Science & Industry
In reality, Lake Shasta, CA's biggest lake, is 20ft higher than this same time last year.
ZH=zero intelligence. Lol
Knowledge is the enemy of fear
Look at Anderson Chesboro, Uvas around San Jose. Dry.
But you still read it
<< <i>And besides, I thought your opinion of ZH was that it was on a par with RT.
But you still read it
I was reading about the "drought" and ZH was linked. The comics is also included in the newspaper. Lol
What's CA gonna do when it rains there for 2 straight weeks in December. Rain is coming. Dont worry.
Knowledge is the enemy of fear
So much for de-dollarization.
Knowledge is the enemy of fear
<< <i>http://www.forbes.com/sites/kenrapoza/2015/06/04/and-you-thought-the-russians-hated-the-u-s-dollar/
So much for de-dollarization. >>
Noted in your link: "the dollar is still good as gold." For how long?
"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
For longer than any of us have left
Liberty: Parent of Science & Industry
Plan put on hold.
<< <i>Hasn't anyone heard? China is taking over!
Plan put on hold. >>
Yeah, in addition to all that blab how about all those posts about hyperinflation being imminent that we heard here over the last few years!
Bottom line....no one can accurately predict what will happen/know the future....even with "charts"!
<< <i>Get me a chart and in the future I will sail around the world... >>
What will it take to get you to discuss PMs or anything that affects them?
"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>...Yeah, in addition to all that blab how about all those posts about hyperinflation being imminent that we heard here over the last few years!
Bottom line....no one can accurately predict what will happen/know the future....even with "charts"! >>
There's hyperinflation around the world. Just ask Russia, Venezuela, Ukraine, Sudan, Iran, Ethiopia, North Korea, Belarus, Argentina, Syria, Ghana, Brazil etc. The world's stock markets saw plenty of strong inflation from 2009-2014. Unlimited govt-QE money had to land somewhere. The fact that Money Base, and M2 all increased steadily suggested monetary inflation was in play as almost always. Hyperinflation is out there....you just have to look past your own mail box to see it. Over half the world's countries have inflation rates >4%. 3 dozen are >7%. 16 are >10%. 7 in full hyperinflation. While it may not all be hyperinflation, it's certainly not deflation for these guys. Deflation in the US and Eurozone is not necessarily what the rest of the world sees. And what goes around....usually comes back around. The longer the end is delayed....the worse the ending.
inflation rates
Hyperinflation is about when faith in currencies rapidly declines. That can happen to both rich and poor nations . And there's lots of currencies out there losing the faith.
<< <i>There's hyperinflation around the world. Just ask Russia, Venezuela, Ukraine, Sudan, Iran, Ethiopia, North Korea, Belarus, Argentina, Syria, Ghana, Brazil >>
(I'm surprised you did not toss in Zimbabwe )
Wow...all those "top" industrial nations with hi. I'm really scared and concerned..NOT.
<< <i>Yeah, in addition to all that blab how about all those posts about hyperinflation being imminent that we heard here over the last few years! >>
Agree. And we all know who they are.
This was a really funny thread to read again.
Knowledge is the enemy of fear
Let's see what "unlimited" Fed spending does for the bond market, on top of 22 million job losses in 4 weeks. Unfunded liabilities? What a joke.
No demand for oil, no airline traffic, economy all screwed up. Buy hey, look at that stock market! If you think any of these markets are real, you need to smoke something else.
I knew it would happen.
Its the first step to China's takeover of Russia
This was a really funny thread to read again.
Yeah, it is kinda funny. Since when has any big power not tried to take over the world?
I knew it would happen.
Regardless of whether equities go up or down from day to day based on current events, do you believe companies have no value? Walmart, Coca-Cola, Verizon, Apple, Microsoft, Caterpillar, 3M, IBM are all worthless?
Knowledge is the enemy of fear
Regardless of whether equities go up or down from day to day based on current events, do you believe companies have no value? Walmart, Coca-Cola, Verizon, Apple, Microsoft, Caterpillar, 3M, IBM are all worthless?
No.
I recall an old saying, "We all know who is doing what, and to whom - the only question is the price."
I knew it would happen.
I believe these companies no longer have value: Compaq, Eastern Airlines, Enron, Wang, Blockbuster, Polaroid, Netscape, Kodak, Pan Am, Standard Oil, and Arthur Anderson.
"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 think you were trying to make a (rather poor) point of saying in these companies people lost all their money. Perhaps you did not know that Compaq was acquired by Hewlett Packard, Netscape by AOL and now Verizon, Standard Oil is now Exxon, Chevron, Marathon and BP. Arthur Anderson was never a publicly traded company.
A better example of losing all one's money would be the following, as the owners of these truly lost it all.....
https://en.wikipedia.org/wiki/Saddle_Ridge_Hoard
https://www.cnbc.com/2018/01/29/gold-treasure-recovered-from-a-1857-shipwreck-is-set-to-make-its-debut.html
https://www.foxnews.com/science/1840-shipwreck-reveals-trove-of-gold-coins
https://www.history.com/news/shipwreck-treasure-discovery-san-jose
Knowledge is the enemy of fear
Dang, the idiot found his counterparty risk.
"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
Ya just cant make this stuff up.
Knowledge is the enemy of fear
All I can say is: