Posted on 12/09/2010 10:57:02 AM PST by speciallybland
Rep. Ron Paul, the Texas Republican who has passionately called for dismantling the Federal Reserve, will be running the panel that oversees the central bank when Republicans take the House majority next year.
Mr. Paul has introduced legislation to abolish the Fed, wrote the book, “End the Fed,” and rallied support for eliminating it.
Rep. Spencer Bachus (R., Ala.), who will take over the House Financial Services Committee from Rep. Barney Frank (D., Mass.), announced today that Mr. Paul, a libertarian who won a fervent following when he ran for president in 2008, will head the Domestic Monetary Policy Subcommittee. The 11-term lawmaker was in line for the post, but there had been some talk that GOP leadership might pick someone else.
(Excerpt) Read more at blogs.wsj.com ...
The same as yours.
understand when you try to use statements out of context you are making the error.
Please explain the context where my asset suffers the same loss that the dollar suffers.
When a Dollar loses 1% purchasing power no matter how you try to spin it ALL of the Dollars in any investment lose 1%
Show me where I claimed otherwise...
Is your investment valued in dollars? Answer Yes.
Is each of the dollars valued at 1% less.
Answer Yes.
QED.
If the asset I exchange for gas is a share of stock that was worth $40 but next year will be worth $40.40, I can still buy the tank of gas with no loss.
QED.
I never claimed you couldn't buy the same tank of gas using MORE money. In fact that was my point exactly. And thusly you have proved my point once again.
However you did incur a loss as in Each and every dollar you own has had it purchaing power reduced by 1%.
And to prove thusly beyond a shadow of a doubt a simple question requiring a simple yes or no as an answer:
Since you has used an "if" allow me the same courtesy:
If in your ABOVE EXAMPLE 1% inflation did not occur and instead the Inflation rate was 0% then would you be able to purchase more or less gas?
And that would be:
QED
You claimed "that any asset that is valued in Dollars suffers the same loss"
My share is valued in dollars and still buys the same tank of gas therefore, by your own example, suffered no loss.
If in your ABOVE EXAMPLE 1% inflation did not occur and instead the Inflation rate was 0% then would you be able to purchase more or less gas?
My share purchases exactly a tank of gas, no matter what the rate of inflation.
It does?
how convienent for you...
Could you list for us the Gas Stations currently accepting "shares" as legal tender?
"You claimed "that any asset that is valued in Dollars suffers the same loss"
Yes I Did. Each and every dollar suffers the same loss. So your asset valued in dollars suffers that same loss. Each and every dollar that investment is worth has the same 1% loss.
"My share purchases exactly a tank of gas, no matter what the rate of inflation."
What is your share valued at?
> “The 11-term lawmaker was in line for the post, but there had been some talk that GOP leadership might pick someone else.”
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This is why all of the GOP elite have to go.
Kneecap ‘em in the primaries.
Rep. Paul will be the first to occupy that chair in my lifetime, with a solid understanding of economics and monetary policy.
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Yes.
Could you list for us the Gas Stations currently accepting "shares" as legal tender?
I thought we were discussing all assets valued in dollars?
Each and every dollar suffers the same loss.
Show me where I claimed otherwise...
What is your share valued at?
I explained it in post #115.
On monetary policy, Ron Paul is one of very few in congress that isn’t either a crazy kook, or a total incognizant.
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OK reading back through I see we are talking about Oil Stocks and I take it each share was $40.00 and increased in value 40.40. And thusly you can purchase that same tank of gas with no loss?
Is this correct?
> “This isn’t going to help our cause in any way.”
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Thank God your cause isn’t our cause!
Paul will be the best possible choice for the job.
Start selling all your holdings in socialism and statism Mike, cuz they just became worthless.
> “I’m hoping Ron Paul gets an education in banking and economics.”
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LOL! - Ron Paul has more understanding of banking and economics than any other person in the entire Fed Gov.
> “People like Ron Paul is why Congress made the policy decisions of the FED unauditable in the first place.”
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Stand by to have your eyes opened Danny boy.
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You look an awful lot like Ron Paul!
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> “We don’t need to abolish the FED but we do need some institution, a reorganized Fed or some other institution, whose SOLE goal is to maintain a constant currency.”
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We had that; its called “hard money,” AKA the Gold Standard. It works, and it doesn’t need a crook in charge to keep it working. This is what Kennedy wanted to do, and exactly why he was assassinated.
Let’s hope Paul has good security.
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> “for one thing, I am going to start praying for his physical safety.”
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Good idea!
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> “I think he’ll do fine.”
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Yes he will, if we can keep him alive.
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> “You may be right.
He may be crazy.
Oh, but he just might be the looonatic we’re lookin’ for!”
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LOL! - He just might be a lunatic for taking the job.
BTW, That used to be my ex wife’s favorite song.
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Bachus, not Baucus!
Yes.
OK so then you have a single oil stock valued at $40.40.
How do you plan on converting it in legal tender so you can buy your tank of gas?
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