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  #51  
Old 04-19-2012, 09:05 PM
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Silver Tongue Silver Tongue is offline
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What if we had a gold, silver,platinum,copper backed currency,would our money supply not be able to keep up with growth?

What if we had five times as many miners?

Does the economy need to grow faster than the population?If so why?

Why does the economy have to grow so fast as fiat lets it?Does the population have to grow that fast?

Is population growth a function of what's available or is what's available a function of population growth?

How many more years of sustainable growth do we have at the fiat created rate?

What do we do when we can grow no longer provided nothing natural stops us first?

What happens when a boom population that created debt can no longer service it due to old age and does not leave enough children (who also want to create their own debt)nor economic infrastructure for them to service it?

What is the actual problem? Fractional reserve banking itself(counterfeiting,No?)
or the fact a gold standard alone can not help precipitate credit bubbles nor fix the after math of one.

Was the last great depression largely golds fault for it's inability to be created out of thin air and the feds inaction, or largely the result of a credit bubble bursting and war debt possible because of fractional reserve banking?

What are the virtues of fractional reserve banking?



How do you get something from nothing????
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  #52  
Old 04-19-2012, 09:15 PM
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Silver Tongue Silver Tongue is offline
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I think the answer to my last question is obviously you can not.

But it is possible to trick someone or force them to work for nothing while reaping all or part of the fruits of their labor.I think there is a name for this phenomenon but I can't quite place it.Can you help me name it?

I wonder what vehicle or vehicles can bring this about?

Disregard my slight sarcasm I would genuinely like to have my questions answered truthfully.
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  #53  
Old 04-19-2012, 09:37 PM
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HardlyPeeved HardlyPeeved is offline
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Default Lots of interesting questions...but the real question is...Why Fiat ?

Fiat allows:

1) artificial growth and finance, which can be maintained for 100 years or more. Business geeks really love that stuff.

2) if there are agressor countries (i.e. WWII Germany, Japan, Italy) then it might be necessary to build up defense against the agressors. Similar for polticial parties that are agressive or overarching/overthrowing.

3) all that artificial finance funds innovation...faster. How many Intels, Broadcoms, Oracles, Internets, etc...would there be if for not creative finance fueled and enabled by fiat ?


So those are all the 'fiat goods'...but fiat is just like a drug that hypnotizes the economy, business, politics, government. Eventually fiat is like heroin...and there is only one strong 'cold turkey' to get off the stuff.

Was the last 100 years of fiat worth it ? Maybe. Can we survive the bad side-effects, chronic collapses, and bad results ? Who knows.
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Buy Gold and Silver, then wait.
Gold, Silver: Beautiful Insurance in Ugly Situations
Monetary triangle: U-Unit of Account, W-Store of Wealth, M-Medium of Exchange.
PMs are unencumbered tangible fungible fractionable portable durable liquid insurance...without counter party risk; elementary, "Internet Safe" w/o tech issues.
Silver cheaper than Gold, both precious !!
Gold and Silver are atomic and elemental, with no man-in-the-middle.

Last edited by HardlyPeeved : 04-19-2012 at 11:12 PM.
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  #54  
Old 04-19-2012, 10:20 PM
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Markpti Markpti is offline
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Quote:
Originally Posted by AlbyVA View Post
Maybe Peter should demand payment in Gold for his book.
I think he'd be ok with that.
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  #55  
Old 04-19-2012, 10:54 PM
Holdfast Holdfast is offline
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Arrow Peter Schiff Explains In Detail What Bernake Is Doing Wrong

For those who would like a detailed explanation why precious metal will continue to rise watch this new video by Peter Schiff.

http://www.youtube.com/watch?v=_ipKIYs6NZI

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  #56  
Old 04-19-2012, 11:17 PM
litemine litemine is offline
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Unhappy What do you think.....

Quote:
Originally Posted by TigerEye76 View Post
What would be the conditions that would result in "the economy comes roaring back to life"?
WAR>>>>>>>>>>
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  #57  
Old 04-20-2012, 12:35 AM
MyBids MyBids is offline
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Quote:
Originally Posted by AlbyVA View Post
A return to "Risk Taking" on tomorrow being better than today.
Compared to current sentiment of no risk taking for fears of today
being better than tomorrow.

Free Markets cycle between Fear and Greed. When everybody fears,
you prep for Greed. When everybody is Greedy, you prep for Fear.

Buying Gold is prepping for Fear when you should be prepping for Greed.

"Free Markets"

An old fashioned novel approach that does not exist in the year 2012
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  #58  
Old 04-20-2012, 12:38 AM
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GeorgeWest GeorgeWest is offline
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Quote:
Originally Posted by AlbyVA View Post
QE2 Ended on June 30th, 2011. The printing presses have stopped.
Gonna be hard for Gold to move any higher without new dollars flowing
into the economy.
The FRB balance sheet is so damn large from buying up assets and monetizing TBills that QE occurs every day from the income on those assets. Jim Rickards has spoken about this often. You have QE to infinity (Jim Sinclair). Once you start this QE business, its impossible to stop. Its even more impossible to reverse. Just consider what needs to happen to reverse QE. That's a major discussion in itself. But in a fiat system where money must be borrowed into existence, you don't need more than grade school math to realize reversal is mathematically impossible. QE is a component of a Ponzi scheme that requires more QE. No way out.
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  #59  
Old 04-20-2012, 02:07 PM
AlbyVA AlbyVA is offline
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Quote:
Originally Posted by GeorgeWest View Post
The FRB balance sheet is so damn large from buying up assets and monetizing TBills that QE occurs every day from the income on those assets. Jim Rickards has spoken about this often. You have QE to infinity (Jim Sinclair). Once you start this QE business, its impossible to stop. Its even more impossible to reverse. Just consider what needs to happen to reverse QE. That's a major discussion in itself. But in a fiat system where money must be borrowed into existence, you don't need more than grade school math to realize reversal is mathematically impossible. QE is a component of a Ponzi scheme that requires more QE. No way out.


QE can only occur when a new dollar is printed by the Fed. QE is not the
recycling of dollars from interest payments back into assets.
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  #60  
Old 04-20-2012, 02:08 PM
AlbyVA AlbyVA is offline
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Quote:
Originally Posted by MyBids View Post
"Free Markets"

An old fashioned novel approach that does not exist in the year 2012


Sure it does... The purest free market in the world is the Currency Market.
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