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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (155397)3/27/2020 11:18:02 AM
From: maceng2  Read Replies (1) | Respond to of 219644
 
I like this cautionary tale.

You typically just have to watch a few minutes of it to get the picture.

youtube.com

It's all more of the same, and I think the arguments made are valid, worthy of discussion, or may even be actually correct.

The one liner is...

"Storm in a teacup".

I live in Bexhill. The joke about my town is...

… "People just love to retire to Eastbourne (nearby city 10 miles away) , that is why most people in Eastbourne are Retirees.

"Bexhill? Why that's where their parents live"....

So it could be another Passchendaele here, possibly, but if so we will work through it somehow.

No point getting hysterical about it.



To: ggersh who wrote (155397)3/27/2020 12:18:34 PM
From: TobagoJack2 Recommendations

Recommended By
Dr. Voodoo
sense

  Read Replies (2) | Respond to of 219644
 
:0)

What Charles meant to say, I gathered, is that we can work with inflation, and
We can get along w/ deflation, as long as we are told the rules ahead of time or even along the way, as early as practicable.

What we would have trouble w/ is inflation failing due to government sincerity in promoting it, and
we definitely be bothered if, otoh, deflation is opposed by government enforced inflation that also failing

The common denominator is ‘goivernment’



To: ggersh who wrote (155397)3/28/2020 2:51:13 AM
From: sense  Read Replies (1) | Respond to of 219644
 
Hugh Smith is an idiot.

The rag used to have some merit when it was run by James Dale Davidson and Lord William Rees-Moog...

Also see, for instance:
How to explain Jacob Rees-Mogg? Start with his father's books

Understand that since Blood in the Streets and The Sovereign Individual... the world has changed quite a lot... mostly in that few in public life today have any capacity to understand what it was they were saying.

And, of course, that's in large part why you see it coming true ?

Publishing a bit too much truthiness for their era... resulted in the SEC getting JDD in the dock for what today would be truly laughable as "touting and front running" penny stock recommendations in the newsletters. In result of the outcome, though... both Daily Reckoning and Strategic Investment were sold off to others... the new owners with nothing like the unclouded vision and perspicacity of Davidson and Rees-Moog. SI in particular went through a few owners... maybe failed in the end ? JDD no doubt limited in a settlement with the SEC preventing his participation in markets for some time... a penance paid for which the world is a much poorer place, and vastly less well prepared than needs might be...

So, interesting to note in looking back at that now as: He's back: Strategic Investment



To: ggersh who wrote (155397)3/29/2020 6:36:17 PM
From: Maurice Winn  Read Replies (1) | Respond to of 219644
 
Here's the answer. Cut taxes hugely, from the bottom up. To fund government spending which should be cut to essentials, print or pixelate more brand new money - which might not even be hyperinflationary during a deflationary implosion and massive unemployment.

To buy oil for government activities for example, don't pay for the now bargain price oil at $10 per barrel using tax money, use pixelated pounds, dollars, yen, yuan, whatever.

Dilute the debts to avoid vast bankruptcies.

I'm happy to recommend this as I have no money now, just investments, some of them with big debts.

Warren Buffet's Berkshire Hathaway has $100 billion in cash as do Apple, Microsoft and whatnot. Dilute them. Dilute everyone holding money. Don't give money to deadbeat buddies/financial backers/favoured political hacks. Actually, Warren might have been buying with the cash and doesn't have any.

Mqurice