Who is shades? First it is brian h, then it is frank, then lee, then herman! Betty I thought I said you could call me Al?
Stop being a freaky flip flopper Jack - it makes you look silly - how many more fake people are you going to attribute - if you bring this kind of silly flip flopping, indecision, and slow market chasing identification into your investments you probably wont do well - I guess that is why you have lost on GOOG even after several told you the smart course of action many moons ago - but General pig headedness belief on WRONG ideas make you go poorer - Egads! free china not want you poorer - then you not afford internet connection anymore!! Its no longer about money or wealth for me General, I have enough - its about helping you - you give me much entertainment and I don't want to see you hurt. People pay way more for entertainment than education in this life. hehe You always make me smile Good La! The fed have a mandate to keep people WORKING - even EL MAT agree that GOOD - but allocating your capital to a shiny dust collector instead of jobs and education and companies that keep people WORKING not very nice now is it?
<<Deflation ... stands ready, to buy stocks, bonds, houses, other assets, and even raw land, to keep deflation from happening!>> ... :0)
... Sweet, and you believe them; not only that, you believe it will work. Precious, truly :0)
Should I believe you - the man short on GOOG and calling me 4 different people now in a continuing quest that makes him look more and more silly - I think it has been effectively PROVEN your powers of perception are no greater than the other freaky flip floppers. Probably below average at that. hehe. Perhaps we can use you as the ultimate contrarian - as you now say you are covering your GOOG short I can now sell. I was just waiting on you General. You collect DVD's - I recommend one with John Travolta - SWORDFISH - deception is the name of the game - Jedi mind tricks are everywhere - be careful of those Jedi.
I believe the French politicians in effect promised the same thing, until all except a few of the crowds went bankrupt.
Right - the few gordon gecko silver tongued dragons and the bankers - derivatives blog makes note of this on his page - only those that market TIME and get out at the top do very well along with the bankers if you have government reset - You say 20-25 years - you wish to revise your time frame? Now is the time to ride the millenium falcon into hyperspace! You say increasing prices of everything we NEED - Bernanke buying altria - canadian bonds - free china buying consumer staples - he already have much energy - he not NEED shiny metal - you say one thing - that only prices of what we need going up - then you say another that contradict yourself - that other things we dont need going up too like gold - stop it with the jedi mind tricks. Consumables going UP - non consumables probably not or at least no where near as much.
314 years is the long term? I suppose some would think that. In any case, I believe the dollar died a few deaths in between times,
It did a few times in a few places - but in much weaker governments and less technological times - I already provide several major economists who also agree the STATE of today is not like the STATE of yesteryear. More robust, harder to implode or flee from. People over at mish thread freaking out about RFID passport - but in reality General - anonymous times are long behind this world - no matter wether I am brian h, frank, lee, herman, or Al - this is fact of life that like GOOG going up from 187 you do not wish to accept and it makes you look silly.
El Mat preaching for MORE state - globalisation - I think everyone that is rational agree we going towards more civilized world and not Nuke World War 3 like your beliefs seem to indicate watching On the Beach with Greg Peck.
and a whole lot of families sank below the waves, because they didn't have you know what, and it isn’t land, especially mortgaged land with a taxable address.
Egads! You think you can FLEE EL Mat's and thier globalisation desires - you think you can FLEE british face identification cameras - you think you can FLEE men that put you in jail if you dont abide by thier laws - you are wrong - Elroys anti grav mars trip still not here yet - you cannot flee - I have many friends in bahams and caymans where you have friends too and in the 90's they thought they could flee too - but the IRS hitman and government agent find you - this world a lot smaller than the france of centuries ago - big place back then - could get lost. There are RULES - and if you try to SUBVERT them - you will be punished - don't kid yourself General. Its about control and subversion. Cobalt Tell you GOLD not the problem - getting past those 6 billion PEOPLE that want to take it from you the and take the POWER from you that you think it represents is the PROBLEM. J Chris Parson post about religious sect in Utah - that last for many generations - but the STATE finally gonna break them and get them thinking right - like they will do with you and anyone else that try to subvert thier power. You are part of the global village and you cannot survive outside of it no matter how many french papers you read. I read about guy that blow up atlanta olympics - he go live in woods for 5 years but even he had to come back and dig in dumpsters for peanut butter when they caught him - so much for that!
... that move of desperation, given the leverage and obligations in the officialdom system, expected of lesser intellects, along with helicopter money and actually the same as helicopter money except dropped by fixed wing aircraft, will come, nearer the end,
So we are not near the end - and as you and derivatives guy agrees - TIMING is critical - must ride the crack up boom up to the TOP and then bail and be one of the smart few to PROFIT at the expense of dumb suckers IF government RESET.
Same script, and history did not end. The levers and buttons fail when most needed and desperate, always.
History never ends - it gets better and better - man goes from stone tools to internet and wifi money - you are the one saying we are going backwards to shiny metal. It goes from small usufruct society to databases and computers and it goes from hitting each other over the head with clubs to playing deathmatch in Unreal.
More moves, expected of intellect of must-lose and of no-consequence, would include getting rid of the income tax altogether, provide free university education for all, and heck, might as well have the officialdom provide housing for all and rid of the convolution of work, borrow, buy, may be implemented. But, one wonders, so what? The ruin that will be destiny will arrive that much faster, per script.
Ah I see you read and learned from the south american monkey story Narrated by Raul Julia.
So far, nothing, absolutely nothing that you used as a prop to support an approach that assumes inflation can be beneficial, and if so, more is better than less, is new.
Beneficial - I thought Congressman Ron Paul just posted over on Real Estate Thread that it very BAD - not beneficial? Something to do with a new HR going to be introduced into congress that he think give too much power to non accountable entity.
All of the gimmicks are simply variations of the same that went before, and yet, we know what happened before.
Gimmicks? Its about spreading risk no - Shiller finally got his wish - Housing Derivatives to protect yourself.
cme.com
You see, the road to doom is long, doom itself has depth, and the longer one stays the course, the more absolute the doom.
Preach it Emperor Palpatine!
<<You say maybe 20 years from now - if so time to get those free money loans and ride the wave in this business cycle>>
... eh, having already played the real estate on cheap loans during SARS and Asian Financial Crisis, also played CanRoys more recently and partially on Japan financing and then US leverage, and am playing with real estate in Japan and 2 points southwest, I guess I now prefer to finish building a business, in time to sell to folks who will be taking out loans to buy, if you are correct, and I really do hope you are. I just prefer to anticipate where the wave crest will be, move along, rather than bop up-down in place and get ... well, prefer not using rude word, so I will substitute "Bernanke-ed".
HAHA - EXPOSED AGAIN - preach the DOOM of Inflation but USE the POISON yourself to ROB your brother - what a hypocritical silver tongued dragon you are!
On gold, as your script plays out, I will be doing better and better, even as I up gold allocation at ever higher prices, until that awful day that always follows the brilliant days happen,
As posted before, real assets in 20 years will have much little use to the information society we all are ALREADY a part of - you already spend much time in virtual world playing DEATHMATCH - watching DVD's - POSTING SI - you are already so entrenched in the non GOLD world of ideas to think you can RUN AWAY like a monty python character wearing silver armor is just so silly it make for great laugh for me and brian h, frank, lee, herman, and al and all the other errors you continually make :P
and … well, read the book amazon.com.
Great Read!
From your devil takes the hindmost link Jack:
It is important to understand the behavior and attitudes of politicians, since the laws governing markets are written and enforced by governments.
The earliest date mentioned appears to be 1351, and so should be particularly good for folks who believe 314 years is a long time.
No we have to back further than that - Meme progression goes back to earliest civilized society - lets start with first documented big democracy - Athens:
amazon.com
With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.
Bernstein also traces the development of business forecasting, game theory, insurance and derivatives, and surveys recent advances in risk forecasting made possible through chaos theory and by the development of neural networks.
This is a journey that begins with the importatioin of the arabic numbering system to the West and ends with super-computer crunched chaos theory.
Or for the gold lover:
amazon.com
As I sit contemplating my few British sovereigns and South African krugerrands losing value in my tiny safe deposit box, I think perhaps Prime Minister Disraeli was quite correct when he said, "Our gold standard is not the cause, but the consequence of our commercial prosperity." The wealth of a nation is perhaps better judged by its (non-gold) natural resources, and the productivity of its citizens in putting those fortuitous gifts to good use.
Useless as a metal for most practical purposes, gold originally held value as decoration and adornment for the wealthy ancients. Later, it was minted and used as coins by the Lydians in 635 B.C. That, Bernstein goes on to reveal, put gold on a path from the concrete to the abstract, from evidence of wealth to the standard behind wealth in other forms, and finally to the tenuous place it holds in today's virtual world of credit cards and computer chips.
Not to say that the book isn't informative or interesting for the most part -- it is. I learned many new anecdotes and information from the author -- much of it fascinating. For example, the "Great" Kublai Kahn printed money that was backed by his will only, centuries ago. And it worked; apparently fear of not accepting the Kahn's paper was enough to make it a working medium of exchange.
It is interesting to see how completely wedded to gold some governments became, particularly in the late 1800's early 1900's. England, and other nations, were willing to see millions become unemployed rather than change the exchange rate - a position that sent Winston Churchill into his period of dormancy in the 1920's. (I BET EL MAT HAVE ATTITUDE ON THAT)
In fact, the last third of the book relates story after story of smart men who were thought to absolutely understand the crucial relationship of gold to the money of their nation - and how almost all of them saw their policies produce completely the reverse of what they desired. For more than 100 years, the money men of Europe and the United States believed an unchangeable gold standard was the only route to growth and prosperity. The one astute observer, if contrarian, was Benjamin Disraeli, who observed in 1895 that "Our gold standard is not the cause, but the consequence of our commercial prosperity." His observation fell on deaf ears, only to be illustrated as possibly the right relationship after the turmoil of the 1920's and the Great Depression forced countries to begin to unhitch their currencies from absolute and unchanging values as measured in gold. |
