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.

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

To: TobagoJack who wrote (178317)	9/14/2021 11:39:04 PM
From: sense	1 Recommendation Recommended By maceng2 Respond to of 217820

Very tame. Look, it's even wagging its tail !

To: TobagoJack who wrote (178317)	9/15/2021 12:33:46 AM
From: sense	Read Replies (1) \| Respond to of 217820

I do question the legitimacy of the data as represented, though... particularly as it shows the discovery of America being deflationary... when the reality is that when Spain discovered gold and silver in the new world... the relatively large mass of new gold and particularly silver that began pouring into Spain, and into the Spanish trade routes across the Pacific, it fueled a pretty significant inflationary expansion in the total amount pf money in the global money supply... while also fostering significantly greater velocity of money, given its immediate recruitment into the Pacific trade... See for instance: The impact of silver from the New World – how the Peso as first global currency came into being in 16th century AD Or: Precious metals and mining in the New World: 1500–1800 I've noted often how annoying I find "history" that pretends all people now dead were stupid... and there's a bit of that, I think, in ridiculous charts like this one... that seem to show that gold was "invented" in the California gold rush of 1849... While it is true that gold production has increased significantly in the industrial era, now that we don't limit ourselves to digging it out of the ground with teaspoons ? The picture doesn't begin to tell the whole story... and can't without also considering population growth... but, it does help to put the lie to the story that gold prevents inflation... rather than only limiting it to the pace at which more is found and produced... which tends to average right around 2% per year... while the addition of digital or ink based zeros to non-substantive and ephemeral forms of fiat money has many fewer limits.

To: TobagoJack who wrote (178317)	9/16/2021 12:21:51 AM
From: sense	Read Replies (3) \| Respond to of 217820

The "transitory" narrative is now rapidly falling apart by the weight of the numbers... But, still, saw the most flagrant bit of flummery attempted today... in crafting a new "excuse" for why inflation you see isn't really inflation... and thought it worth sharing. Steven van Meter's daily video today... skipped right over attempting any rational definition of inflation before launching into... "who are you gonna believe, me or your lying eyes"... Peter Schiff disagrees with others on what "inflation" is... some saying "inflation" is "rising prices"... Schiff sticking with the more traditional as "an increase in the money supply"... Van Meter, today, first claimed that "it's not inflation" if the price rises you do see aren't "broad-based" enough... and then presented information showing that in fact the inflation there is HAS ALREADY spread out and is now broadly elevating prices throughout the economy... BUT, the new claim is, its still not really real "inflation"... if the prices are rising so much and so fast... that you can no longer afford to buy the thing whose price has risen... so, since you didn't buy it, because you couldn't afford it any more... NO INFLATION !!! Reality, of course, is that if prices are rising... and the money supply is increasing... AND you can no longer afford to buy the things you used to buy... not only is that inflation... it's also you losing the battle over inflation... and as the larger supply of money flows to others... and not you... that's just a pairing of roaring inflation together with you getting screwed... I think that attempt at a new definition won't even convince economists...