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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 (83752)	7/17/2007 7:20:56 PM
From: shades	Read Replies (2) \| Respond to of 110194

If you call the data and methodology into question, then anything that you note must have the same issues and factors applied to it That is true, that is why you guys who have the time and resources need to illuminate those of us that do not. ... and then we get nothing but farting in the breeze and tossing straw men back & forth, etc. Well some economist once said in the end we are all dead anyways right? no matter what gets settled or what minds get changed. But if we get immortality - we invalidate that economists quote dont we? I've quoted the "normal suspects" - the Fed, BLS, etc. and you have quoted no actual data sources, only secondary sources at best. I admit the crux of my post hinges on chromatics correct relating of rothbards books. I instinctively DISTRUST the fed and other OFFICIALS, I don't have this instinctive mistrust of a derivatives risk blogger talking about rothbard - but he could be very wrong. I dont like michael moore and I think he is a hypocrite for living in a wealthy secluded area and moving away from flint michigan and sending his kids to expensive private school instead of public school - but I think he has shown that the media and the gubbment have lots of tricks recently. You're more than welcome to continue to assert your various views and opinions, but to assert that those sources were incorrect back then without any references to studies or facts or similar when we can point to real and actual BS from the BLS and Fed via folk like John Williams (and my own M3, SecLend, etc.) leaves me cold at best. I can tell you things about where I used to work that are true, but I cannot prove them to you as there is no longer any physical record. I agree that the more sources and history and data we can accumulate on this point - perhaps the better we can all illuminate ourselves. People used to think they could trust RATING AGENCIES - now they may not think they can. To a specific though - I do have almost direct data from the period. My grandparents and parents were working both before and during the Depression and the data I quoted from the CPI, etc. echoed their experiences very closely. General prices dropped a lot more than 10% and frankly closer to 1/3 than the 25% I noted. In other words, if anything the CPI data makes the period look better than it was. As an aside, my father emigrated from Germany to the US in early 1929... and told me actual stories from the days of the Weimar hyperinflation. So my two web site pages on it have passed through more than a normal validation process. In my old city was this old coin dealer - he related to me about the price of silver back in the old days of the war - see the manhattan project needed silver for the cyclotrons to make the first nukes - silver was in GREAT demand and a lot of supply was taken off the global market - in national security interests the general in charge got wallstreet and trading firms somehow to keep the price of silver where it had been so as not to alert the enemy (the germans) that silver was being accumulated - the coin dealer related to me there were lots of PHONY contracts that could not be delivered upon - after the bombs went off and the war subsided the cyclotrons were broken down and the silver returned from the manhattan project to the general markets. Now you are bart in 1935 - you know silver is being accumulated by the US gubbment and you buy a ton if it like warren buffet and store 6K tons in your personal vault - but because the GUBBMINT has manipulated the price - you never cash in - what have you achieved? You just stored a lot of dust collectors - that capital could have been given to scientists to find cures to disease. Can you show me any charts PROVING this manipulation of silver?