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mole
Joined: 06 Feb 2003
Location: Act III
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 Posted: Wed Mar 04, 2009 11:45 am Post subject: |
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AUTO SALES FALLING OFF A CLIFF
These are FEB sales year over year. The continued bailouts will turn the US DOLLAR into TOILET PAPER
General Motors -53%
Ford............... -48%
Chrysler.......... -44% |
Bailout Funding
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You know the old saying.......If you have a LEMON......make LEMONADE.....
if you have PEANUTS......make PEANUT BUTTER........
if you have US DOLLARS....make TOILET PAPER.....
and if you have GOLD and SILVER....make MILLIONS. |
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Jati
Joined: 13 Dec 2008
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| Posted: Fri Mar 06, 2009 6:03 am Post subject: |
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| nathanrutledge wrote: |
| Jati wrote: |
Basically, unless the digging of gold keeps pace with the growth of the world economy, there will be inflation in the price of goods and services whether or not those are priced in terms of gold, silver or fiat money (paper currency).
For example, year after year the number of people entering the work force increases. In order to pay those additional salaries, along with the increases in salaries of other workers, the amount of currency (again: gold, silver or fiat) needs to increase. If it doesn't, what happens? More salaries (demand for wages goes up), same amount of currency (supply stays the same, we call this inelastic supply). Thus, price INFLATION. |
Your logic is a bit flawed here. If we increase the workers, but the money supply doesn't change, that would lead to DEFLATION of prices, as you are spreading the same amount of dollars around a larger pool of labor. What you would have is APPRECIATION in the value of the currency, because one unit of currency would have to represent more and more value.
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Yeah, thanks for not reading very far being posting. If you had, you would have noted that I corrected my statement a few postings later after mises had pointed out the same issue.
What I had meant was that the price (value) of money would become inflated, which means that prices of goods and services would deflate. Go back and look at our banter following the post of mine that you selected.
Page 2 it was.
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Jati
Joined: 13 Dec 2008
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| Posted: Fri Mar 06, 2009 6:16 am Post subject: |
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Mole -
Hey little rodent friend, gold has rolled back below US$1000, down to around US$915. What happened? With stock markets looking like the Titanic (titanically?), one would expect the shiny metal to go up like a rocket ship, eh? (A few pundits have stated recently that they felt that silver was better poised for a quick upward adjustment.)
I like the idea of owning precious metals outright, but don't want to think about how to store, hide, secure, lock, protect it.
We have had robbers active in our 'hood the past two years. Both were caught, eventually, but I have not heard that anyone had their cell phones, jewelry, notebook computers, etc. returned. The first robber broke into ~6 houses before he was caught; the second hit ~10 houses in only 2 weeks!
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Fri Mar 06, 2009 10:11 am Post subject: |
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| Jati wrote: |
Mole -
Hey little rodent friend, gold has rolled back below US$1000, down to around US$915. What happened? With stock markets looking like the Titanic (titanically?), one would expect the shiny metal to go up like a rocket ship, eh? (A few pundits have stated recently that they felt that silver was better poised for a quick upward adjustment.)
I like the idea of owning precious metals outright, but don't want to think about how to store, hide, secure, lock, protect it.
We have had robbers active in our 'hood the past two years. Both were caught, eventually, but I have not heard that anyone had their cell phones, jewelry, notebook computers, etc. returned. The first robber broke into ~6 houses before he was caught; the second hit ~10 houses in only 2 weeks!
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Not rodent; talpid.
I don't really watch nor follow the wiggles and giggles in the markets.
Since you are in a crime-ridden neighborhood, and are not willing to protect your property,
perhaps hoarding physical PM is not wise. |
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Jati
Joined: 13 Dec 2008
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| Posted: Sun Mar 08, 2009 12:37 am Post subject: |
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Pretty interesting web-based crash course on the economic, energy and environmental issues facing us today here:
http://www.chrismartenson.com/crashcourse
I watched all 20 "chapters" and think that his chapter 15 on bubbles is one of the best explanations I have ever seen regarding that particular issue. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sun Mar 08, 2009 5:23 am Post subject: |
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| Jati wrote: |
Pretty interesting web-based crash course on the economic, energy and environmental issues facing us today here:
http://www.chrismartenson.com/crashcourse
I watched all 20 "chapters" and think that his chapter 15 on bubbles is one of the best explanations I have ever seen regarding that particular issue. |
Thanks for posting this! It's in-depth, narrated well.
fun articulate, o! and it's updated in HD. now. Good for Insomnia. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Thu Mar 12, 2009 2:37 pm Post subject: |
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| Rusty Shackleford wrote: |
| mole wrote: |
....blah, gold, silver, etc....
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Haha  , I enjoyed this. A coherent and succinct argument if ever there was one. Maybe you can make some tinfoil hats out of all that gold you are hoarding. Goldfoil hats? |
For the disjointed rusty one:
He who laughs last, laughs well.
Gold and silver do not rust, by the way. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Fri Mar 13, 2009 3:26 pm Post subject: |
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| SRSrocco wrote: |
Folks....again...this is not a NORMAL BUSINESS CYCLE as either a RECESSION or DEPRESSION. This is a DISINTEGRATION of an EMPIRE. Antal Fekete even writes about this by showing that GOLD and SILVER going into BACKWARDATION is a barometer of the event. I found it quite interesting to read Armstrong's most recent article and how it REINFORCES mine as well as others forecast of the future DISINTEGRATION of the UNITED STATES.
Now....don't get me wrong.....this is not something I want to see happen. But if I was a DOCTOR and a patient came in with TERMINAL CANCER....it is my duty to inform the patient of the RESULTS and FUTURE OUTCOME. This is why you see me in here doing the same. Call me DOCTOR DOOM if you may....but the TRUTH is the TRUTH....regardless if it HURTS FEELINGS. |
You can find Armstrong's full article and graphs here:
http://www.contrahour.com/contrahour/2009/03/martin-armstrong-is-it-time-to-turn-out-the-lights.html |
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OneWayTraffic
Joined: 14 Mar 2005
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| Posted: Sun Mar 15, 2009 2:00 am Post subject: |
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| Anyone who needs to put every other word in ALL CAPS is hard to take SERIOUSLY. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sun Mar 15, 2009 11:10 am Post subject: |
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He's been criticized much over that. Who cares.
He doesn't write for pay, just helping to awaken sheeple.
And I'm sure he was never on the school debate team either. |
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Cheonmunka
Joined: 04 Jun 2004
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| Posted: Sun Mar 15, 2009 2:40 pm Post subject: |
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I agree with the outlook given by these videos. I'll add that it's pretty much a given that when you live beyond your means payback time's gonna come.
It amazes me that people took credit cards and bought cars etc even without having any assets or much cash. Developers going all out and people buying houses off the plans (a real no-no at any time.)
I took a modest mortgage, but, completely within the budget. On the other hand some pple borrowed 600k from no deposit because they expected 200k capital gain within one year. Well, that's just dumb. |
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mole
Joined: 06 Feb 2003
Location: Act III
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| Posted: Sun Mar 15, 2009 9:44 pm Post subject: Straight from the horse's ARSE~! |
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Good. No more DEBATING. Bukkake hath spoken in a
60 Minutes interview, no less.
Here's part I.
Watch all three if you have time, but especially 8:00 and forward of part I.
With a smirk he admits: It's not taxpayers' money.
It's worthless, unbacked, unaccountable for, conjured out of thin air digital cyber-credits to the banks' Fed accounts.
The self-proclaimed expert on THE Great Depression seems to be unaware of the concept of hyperinflation. Perhaps because it didn't happen then.
He really needs to remove the blinders and stop comparing then and now.
This looks like an attempt at damage control that will likely blow up in his face. Like a Japanese LOAD. |
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