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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (771159)	2/28/2014 4:56:28 AM
From: Bilow	Read Replies (1) \| Respond to of 1575034

Hi Broken_Clock; Re: "Yes, food and energy are volatile, they both go up too fast in response to the Fed melting the printing presses."; Food prices have been volatile ever since money was invented. The reason is that the weather is variable. This has been going on for thousands of years before the Fed was founded in 1913AD. Food prices have always been volatile but this has always been an expected part of reality. It has nothing to do with printed money. Even systems under a gold standard have always had volatile food prices. There are no historical exceptions. Food price stability would be a miracle that is unheard of in economics. Let me compare this to the arguments of the global warming fanatics. They think that CO2 causes temperature rises. Similarly, you believe that the Fed causes food prices to "go up too fast". In order to make their arguments, they deny the normal variability of weather. You also are ignorant of weather. If you were aware of weather, you'd know that food prices are largely determined by it. You'd understand that the big drought we had in the midwest a year or two ago drove food prices up because less of it was being produced. The same thing happens when storms hurt rice crops. Any fool can look at the price charts for food and see great volatility. Same applies to graphs of temperature. What you don't realize is that you have absolutely no way to determine which part of the volatility is caused by the Fed and which is caused by weather. Same with the global warming alarmists. All they have are defective models that keep predicting that temperatures are going to rise drastically "some day". And all the extreme gold bugs (and I am a gold bug) I know do the same thing with food and energy prices. They blame all the price rises on the Fed, and then they ignore the price drops. But your argument is far more defective than that of the global warming alarmists (who are actually able to persuade some naive but otherwise competent scientists). The gold bugs claim that a few rich individuals are getting the money that is being stolen by the Fed. Well if that caused the price of wheat and pork bellys to go up, it must be because these secretive rich people bought wheat and pork. (And hey, I thought your argument was that they were buying stocks and bonds and that was why the prices of them rose so high.) But it's not possible for a few rich people to eat enough food to raise the price of food extensively. And wheat is extremely bulky so it can't be hidden away in warehouses. Therefore they must be consuming it somehow. Well, I know what wheat and pork bellys make. So where is it? Where is the big pizza party that the Illuminati are throwing for their millions of friends? I'd like some pizza too!!! -- Carl BWAHAHAHAHA!!! LOL!!! BWAHAHAHAHA!!!