Posted on 08/01/2018 10:31:06 AM PDT by Dick Bachert
The poster, did you read the post?
I did fine when inflation was 17%, why would I worry about 2%?
Two issues here. The fed reserve system and the (unnecessary) dredging up of the old “Rothschild” conspiracy crap. The fed is a compromise between “public interest” or governmental power, and capital markets. It is imperfect almost by definition... I’d characterize it as a marriage of convenience if not necessity. Not much there to really love. And, I don’t like some of its policies, such as the deliberate depreciation of the currency over time as an “economic stimulus” measure. However, nobody’s offered a better system, imho. Giving full economic power to the politicians in government may very well be worse. And, giving the capital markets full power the same. You could say that shared power between these two “devils” is a very crude sort of “ checks and balance system” that can sometimes, not always, ameliorate or limit the damage that giving just one of them would enable , lead to. At any event, the rothschilds are nowadays minor players - they were far more significant a couple hundred years ago- or even 100. Today, 99 percent of banking is controlled by other people. If someone wants to criticize bankers or question their conduct or power - fine, just focus on the banks that actually wield most of that power today. Always going back to the rothschilds misses the main target ( and raises a question of motivation that we needn’t deal with I think here). Think Barclays Swiss Deutschbank hsbc and anerica’s Big four banks - for starters. Thanks
These loons fell for the “gold will save you” BS and they are talking their book, that’s all. They need you to buy their declining gold.
If the aforementioned claimed that bankers got us into, say, WWII, I’d say they were nuts, too.
gold as part of a diversified asset portfolio, makes good sense to me.
so i support their thinking part way
its just that when some of them raise the old Rothschild conspiracy theory....that I cringe.
the R’s are still in business, yes. but banking has expanded so vastly (to become all the more powerful, the authors’ point to be sure!).... that the R family role in banking is now quite small. If anyone wants to criticize today’s bankers for being too powerful (or for doing some bad things maybe too)... they should certainly discuss today’s most powerful banks like Barclays Citi Wells HSBC Swiss BofA Chase and if one wishes to add in investment.securities firms them obviously such as Morgan Stanley and a few additional huge companies.
It’s amazing how many John Birchers are still out there, but some of the posters on this thread sound more like disciples of John Maynard Keynes and Karl Marx.
As a general rule countries with “hard currencies” outperform those with “inflationary currencies.”
Inflating the money supply can be compared with taking dope. It feels good and may even have some salutary effects at first but as the addiction developes the need for more dope increases. Before long the increase in prices discourages savings and investment and encourages consumption. It’s like a dog chasing its tail.
Inflating the money supply also is a tax on thrift and industriousness. High taxes are bad for an economy and inflation amounts to the same. Hard money helps put a brake on the ability to inflate.
Our problem really began to spiral out of control when we abandoned any backing of our currency with something of real value.
What percentage of your assets would make sense to hold in gold?
personally, I have a quite minor share in gold
under 5 percent. so i am not a serious gold bug.
i can understand people wanting 10 or 15 percent in gold and silver, including some coins since they are easy to use in emergency situations
but the rest of my limited portfolio is very diversified, including a wide range of shares as well as other tangible assets. gold is part of this diversification makes sense to Moi.
I am getting long in the tooth (older) and so the chances of my experiencing a depression emergency are lessening.
if i were younger i might want a bit more real assets (including gold and silver and unmortgaged realty and desirable trade-able items of value...) than i have at present. Still, I am not a McScrooge type....
have enough diversification and useful real assets that you can survive thru a depression, don’t cripple your life tho?
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