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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: neolib who wrote (247597)5/10/2010 6:58:56 PM
From: Skeeter BugRead Replies (1) of 306849
 
>>I think you have to admit that Ron Paul is quite a ways out on the tail of the distribution on his monetary views.<<

which is a bad thing when the "conventional wisdom" is to transfer society's wealth to criminal international bankers?

good luck with that long term.

>>The notion of digging for some substance so you can enable trade has always struck me as nutty. But just because I think its nutty, does not mean it is. Thats what I'd like to understand.<<

i disagree with ron paul here. it isn't what backs your money, it is who controls its quantity. we are screwed - criminals control the quantity of our money.

ron paul doesn't make the rules, he simply follows them. gold has been money for all of recorded human history - well before ron paul was born.

the idea is that gold limits the profligate spending that insiders will spend on themselves at the expense of society.

the problem is the rich just game the gold market and loot what they will anyway.

you have good points, but let's start at step #1 - end debt based money and audit the fed (swarmusa.com). we can worry about other details later.

as for the rest...

>>AFAIK, nearly 100% of the current standard of living of a closed (bounded) economic system depends on the current productivity of that system.<<

does not an efficient medium of exchange increase productivity? not arguing gold here, just that some kind of money increases productivity and, therefore, standards of living?

>>so if you know that ratio is shifting you have to shift productivity, or accept decreased living standards<<

and the current looters made that choice for us... we get decreased living standards (and they have a waaaaays to fall from here) and they get all the loot they want to cover any losses they may have ever taken and to pay out 1% of GDP in bonuses.

>>The fundamental monetary problem is we have promoted the notion that making things is no more important than whizzing money around<<

i take issue with "we." the financial elites have done this. if by "whizzing" you including committing massive criminal fraud, i can agree with that description.

>>so the USA can expect to shift downwards towards the global mean as a result of our policies.<<

that's the pretty obviously the plan for us.

through in an unelected authoritarian government and i think puzzle is pretty close to complete. hopefully, our over lords don't go north korea on us in time.
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