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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (83744)	7/17/2007 6:48:15 PM
From: shades	Read Replies (2) \| Respond to of 110194

I dispute that $1.1B figure. Again that is based on chromatics blog which he says is based on rothbards books - so to get to the heart of the matter some people with lots more time than me will have to dig up those books and see where rothbard got that figure or if chromatic misquoted rothbard - I do not know. Chromatic seems like a smart guy though - but even smart guys make mistakes - I welcome anymore fact finding you can provide from sources like rothbard and not from OFFICIAL numbers that I simply do not trust. In August 1929, base was about $6.1 billion and the high through March 1933 was about $6.9 billion. Secondly, M3 dropped during the same period from about $55B to about $42 billion - about $13 billion. That's about 18 times as much as the base increase, and again is not exactly what I'd call printing to high heaven. Bank credit dropped well over $30 billion, for what its worth. Hmmm M3, m1 - I remember this guy on here called ahahaha - I think he is prick - but he talked about all kinds of funny numbers over the decades and how things were reported and how a number one year really couldn't be equated to a number another year - I guess you have to ask yourself - do you feel the crooks in 1930 were being honest with the numbers? Inherintly Bart I don't feel they were - I think their data is suspect and not to be trusted - but it could have been very reliable data without any crooks fudging it. As far as controlling or not controlling where the money goes when excess money is created, it's still inflation and will show up in most prices eventually. Walgreens had a gallon of milk for under three bucks, no longer, and walmarts gallon has went up - but I hedonically went out and got a goat who eats grass on my land grown by the free energy of the sun. So now I get my milk for free. My prices for higher end computers have went down and continue to go down, I can buy quadcore 16 monitor setups for what it cost for an ibm AT in 1987. Personally, I feel it will go over $3k/oz for many factual & historical reasons... and feel free to believe what you like. I believe history does not necessarily repeat - even if you flip a coin 100 times and it comes up heads all 100 times - that does not mean on flip 101 it will be heads again - I believe that most people are very irrational if you ask me - I believe investing in gold will not make biotech solution to my aging process - I believe I need more life - I believe if you were given the choice of 100 bars of gold and 100 years on the planet or no bars of gold and 10000000 years of life - that you would be a total idiot to take 100 bars of gold and 100 years of life - but that is just me.