Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RetiredNow who wrote (1162411)	9/7/2019 12:54:52 PM
From: Taro	Read Replies (1) \| Respond to of 1573720

This is inflation, 1972: Cost of 1 oz of gold = 38 US $ 2019: Cost of 1 oz of gold = 1,509 US $

To: RetiredNow who wrote (1162411)	9/8/2019 7:31:26 PM
From: Rarebird	Read Replies (2) \| Respond to of 1573720

The Fed has become a political institution like the Supreme Court. Healthcare and college tuition costs have skyrocketed. Rents have increased dramatically, to the tune of 30% over the past two years here in Nevada. College tuition increases are not part of the CPI. The Fed is on Trump's reelection campaign committee so they will do as he says. I have heard that the stock market rises so that the Rich can make their big campaign contributions. Is it any wonder that the 3rd year of the Presidential cycle is the best year for the stock market? Trump is a mobster politician. So was Bill Clinton.

To: RetiredNow who wrote (1162411)	9/9/2019 1:48:07 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573720

Mindmeld, FIDC prevents runs on the banks. You meant to say FDIC. That only protects individual account holders, and only to a limit. That doesn't stop large institutions from pulling money from banks. The Fed has overseen the 99% destruction of the value of the dollar since the Fed's inception. That's hardly a meaningful statement, given that the Fed has been around for over 100 years. That includes two world wars as well as periods of high inflation where the Fed really didn't do its job. Low inflation? What low inflation? The inflation statistics are manipulated and no longer hold any relationship ti reality. Nevertheless, there are real economic factors that are keeping inflation lower than it should be given massive deficit spending. Doesn't matter if inflation is manipulated or not, unless you think the manipulation increased in proportion to deficit spending. Look, I hear you regarding deficit spending and how we're gonna hit a wall sooner than anyone thinks, even the Fed. The fact that we continue to increase government spending like frickin' drunken sailors is alarming. Add in the fact that one political party is vowing to increase it at an even faster rate. But to call for the abolition of the Fed is frankly way too disruptive, unless you think we should move our currency to a gold or crypto standard. But that is another topic. Tenchusatsu