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: Broken_Clock who wrote (1425397)	11/15/2023 1:41:24 PM
From: Qone0	Read Replies (2) \| Respond to of 1576363

I don't miss anything. All world currencies are fiat. All nations are creating debt. Gold was abandoned because of money supply constraints. The same reason all countries abandoned gold as the population increased. Debt is part of the world monetary system. It's the only way money supply increases, risk assets increase, wages increase. Every thing remains relative as it goes to infinity. This has been so consistent over over time a 33 year pattern in the S&P has emerged. In 1954 S&P traded at 33 33 years later in 1987 S&P traded at 333 33 years later in 2020 S&P traded at 3,333 In 33 years it will trade at 33,333. If Nixon didn't go off the gold standard S&P would still only be at 33 This money creation has the net effect of partially forgiving long term debt of 30 year mortgages as wages increase during term of the loan. Nothing will die, your constant dooms day talking means nothing.