Posted on 12/27/2005 6:20:46 AM PST by hubbubhubbub
It's worth noting that paper money only consitutes about 7% of all "money" that is on the books. So in times where there will be a lot of commerce, it stands to reason the Fed would boost the actual supply of dollars.
My head hurts.
The Inflationary/Deflationary camps are all over the map this morning.
Did you read Jas Jain's deflationary reckoning?
As I said, my head hurts.
"Seems to me common sense you would inject some money into the system before Christmas. Duh. Banks always need lots of cash on hand. "
Banks need $ for Christmas shopping every year? I am interested in your logic. Please explain?
Why do you declare the author a moonbat?
"Iraq threatened to do what Iran has threatened to do just before we went in looking for weapons of mass disappearance."
Author shows himself to be a moonbat and thus he may be safely ignored.
No my friend, you have shown yourself to be a moonbat and will be ignored. Iraq was in fact peddling oil for Euros to France and Germany. That's why we're there now. WMD was just a pretext and a false one at that. If the dollar loses it's status as world reserve currency (i.e. every commodity traded worldwide is traded in $US) our way of life ceases.
Well, for one thing, it's a rabid Goldbug writing on a site for rabid Goldbugs...that's in-and-of itself evidence of Moonbatism.
They're not just people advocating that people invest some of their money in Gold as a good investment.
Goldbugs basically sell a fantasy of imminent complete economic collapse, and have been for decades, and they've been wrong over and over again.
Fans of these sites imagine setting themselves up as warlords with all the Krugerrands they've got stashed under their beds after complete anarchy and social breakdown sweep the country after "fiat money" becomes worthless.
Why do you ask me why I think the author is a moonbat when I posted the sentence that I think shows the author to be a moonbat right above my assertion? How much clearer do I have to be? Obviously the author is implying that we invaded Iraq, knowing full well that Iraq had no weapons of mass destruction, because what we were really concerned about was that Iraq was going to switch their oil economy from dollars to Euros. That is an ignorant, paranoid, moonbat position, as far as I am concerned and about as obvious as the nose on your face, but apparently it went straight over your head. Why do you think we went into Iraq? To protect the dollar?
The more they print, the more they devalue the dollar. Problem is, there is less actual money in our economy because of offshoring - it's now in other economic markets instead of the US. But the US is still consuming the products produced by jobs that used to be here. Free trade turned the US into a bake sale. The strength we built is being given away for donations to re-election campaigns. The fed is doing one of two things: trying to bail water with a seive, or speeding up our decline. The two approaches look a lot alike.
Took him awhile but eventually he got to his motivating rationale for this claptrap. To get you to buy gold to increase his profits.
As you see in posts 7 and 9, the Goldbugs have allies in Moonbatism in Buchananite protectionist twits; which is why it always cracks me up when good economic news is posted and people start posting how the Democrats are "deeply saddened"...there's quite a large contingent of "conservatives" who are always frustrated by good economic news and are disappointed day after day when the economy doesn't collapse as they're hoping.
Gold is money and has been for thousands of years.
Paper dollars can be printed at the whim of the government.
It is not moonbatism to put a percentage of one's assets in gold.
And why is that? Because regulations are so stifling here that the cost to do business is much less elsewhere. That, and not "free trade," is the origin of the bake sale. If you do not support free trade, what do you support? Central planning?
Sooner or later they will be right of course.
I don't think so. They're not dealers, and I rather suspect they're buying, not selling, right now.
Our current way of life is unsustainable. These interest only mortgages to buy houses with two car garages filled with Asian cars, having tanks of imported fuel to get to the store so we can buy more Chinese furniture and clothing, while the southern border hemmorages with an influx of benefit glomming illegals........
Add in the numerous people with the entitlement mentality, who have been raised on food stamps and housing assistance, have zero job skills and still expect the government to pay for their bad choices (ie living below sea level, never marrying while having five kids, etc.) and the current good times cannot last long.
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