Posted on 09/12/2010 7:10:38 PM PDT by blam
Your ideas are intriguing to me, and I wish to subscribe to your newsletter.
I just went through a hospice situation with a relative. There is no other way to describe the process other than as a Death Factory. They kill you. But they kill you nice. It is sick. And... it is the future...
This is why I’m for ending the FED and going back to the gold standard. Gold is better then fiat since it causes less problems and ends inflation.
Excellent summary! All you are missing is the Thomas Paine quote that says any politician who even proposed legal tender laws should be put to death. Too bad that wasn’t in the Constitution . . .
Ping
It is unreasonable to expect any commodity to increase in value forever. Someone, usually the small investors, always gets left holding the bag. Deflation may be coming. What then?
Looks like HospiceNurse is going for a Goldbug Troll Bingo all by himself -- so far we have "pump and dump", "it's a bubble", and "deflation is coming", so far.
Mail me to get on or off the Free Republic Goldbug Ping List.
.....all by himself....
Damn, sexist that I am, I visualized a she
Me too.....Nurse Ratched comes to mind..........
Don’t forget “you can’t eat gold” in post #6.
Thanks JD
I don't expect that it will. I don't know anyone who does.
Someone, usually the small investors, always gets left holding the bag. Deflation may be coming. What then?
Deflation may indeed be coming. It's not impossible; my concern is with its relative probability.
Care to sketch out a scenario, incorporating the Federal Reserve's 150%+ increase in the monetary base over the last two years, which will bring about this deflation?
Thanks for the ping. I been recommending Beans, Bullets, Band Aids, Bullion and Bibles for ten years. Don’t forget silver.
“Why Ben Bernanke Has Underestimated The Danger of Deflation”
tsk tsk....chuckle.
DEFLATION’S COMING, Says Gary Shilling, And It’s Going To Clobber The Stock Market
Read more: http://www.businessinsider.com/gary-shilling-deflation-2010-8#ixzz0zRYjGJUj
Thought I might add a little info from the retail Gold and prescious Gems market....I’m the one now on the selling side of the counter.
I am seeing people buying gold necklaces, chains and the lot who would likely not have done so in any other economy....nor could they afford it. They see what’s coming and they are definately listening. People with inheritances are buying gold pieces because even though they don’t understand markets etc. they have at some course in life determined it is an investment worthy of.
Others who have no clue of how gold prices have esculated let alone why, well they are astounded. So what they are doing is moving toward gold plated over silver if the price otherwise is out of their range..... Either way no matter what the markets are saying...people are still buying gold and many that otherwise would not.
Not what I asked.
What I asked was, "Care to sketch out a scenario, incorporating the Federal Reserve's 150%+ increase in the monetary base over the last two years, which will bring about this deflation?"
I'm not asking to play Dueling Pundits. I'm asking YOU to explain to me, your own precise economic reasoning for believing that deflation is coming, defining the term "deflation" (i.e., a straightforward negative CPI, or some other measure?) and incorporating within your explanation the anticipated effect of the Fed's 150%+ increase in the monetary base over the past 2 years.
Go ahead, explain it to me. I'm not attacking you, just asking.
(Shrugs). I'd recommend people hoard up several big bags of Junk Silver before loading up on Gold, but that's just me. Part of it's a comparison of relative valuation versus relative supply, but part is pure personal bias -- I just like the white metal better than the yellow, I'll admit it.
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