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Author | Topic: Testing The Financial Apologists | |||||||||||||||||||||||||||||||||||||||||||||||
Phat Member Posts: 18648 From: Denver,Colorado USA Joined: Member Rating: 4.4
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Thinking about what you said in your post a bit deeper.
The main people whom I listen to are quite wealthy themselves. They don't need the income from a YouTube video or to sell me any gold. Then it struck me. They all claim to be massive buyers of Gold, Uranium, Lithium, and Rare Earth Mineral stocks. ALL of them! Let me see if I can find their net worths:
Thus, what they have in common is that they are trying to convince people to abandon the dollar. If what they say is true and the dollar hyperinflates or collapses, their investments in precious metals will indeed skyrocket. So what I meant when I said that *you Democrats* won't fight this, I think what I was implying is that you are on the side that wants to save the dollar and continue suppressing speculation in the hard assets. I'm beginning to question my own sanity, after all. I am nearly poor. I am indeed being conned by these people, none of whom are religious to my knowledge."A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox “A God without wrath brought men without sin into a Kingdom without judgment through the ministrations of a Christ without a Cross.” “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
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Percy Member Posts: 22947 From: New Hampshire Joined: Member Rating: 7.0
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Phat writes: So what I meant when I said that *you Democrats* won't fight this, I think what I was implying is that you are on the side that wants to save the dollar and continue suppressing speculation in the hard assets. Again, not a Democrat, but responding to this anyway, there is no "side" that wants to save the dollar and suppress speculation. Naturally we all want a strong dollar, but the Democrats don't see the dollar as threatened. Since it's not threatened they don't think it needs saving. It would be like lifeguards walking up to people sunning themselves on the beach and trying to save them. And there is no "side" trying to suppress speculation in precious commodities. What you're talking about is pure fiction. It's just tall tales that your YouTube yahoos have told you.
I'm beginning to question my own sanity, after all. I am nearly poor. I am indeed being conned by these people, none of whom are religious to my knowledge. When you say you're being conned, are you serious? Are you telling us that you finally believe what we've been telling you for at least a couple years? If that's what you're saying then I, for one, don't believe you. You're a backslider, and you'll be listening to all the YouTube dingbats again by next week. --Percy
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Tanypteryx Member Posts: 4597 From: Oregon, USA Joined: Member Rating: 10.0
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Thanks for responding.
They all claim to be massive buyers of Gold, Uranium, Lithium, and Rare Earth Mineral stocks. Well, if they are really wealthy, they can afford to gamble.
Thus, what they have in common is that they are trying to convince people to abandon the dollar. If what they say is true and the dollar hyperinflates or collapses, their investments in precious metals will indeed skyrocket. I guess people would have no other option than to abandon the dollar if it hyperinflates or collapses. So how are they proposing to capitalize on these skyrocketed speculations in precious metals? What currency will they take in exchange for their precious metals? If the dollar hyperinflates or collapses, do you think the global economy and global currencies are going to just cruise along steadily increasing in value? The U.S. is the largest national economy and I feel fairly certain that if it collapses, the world economy will also, and those guys with the precious metals that intentionally and publicly tried to make it happen will be lucky to survive, let alone profit from their metals. On a planet with 8 billion people consuming more resources than they produce, the collapse of national economies will cause millions of people to die and will also cause civil wars as well as international wars. Maybe you have noticed that governments in the hottest regions of the planet are losing their abilities to serve the basic needs of their populations? Climate change coupled with exploding populations are already causing mass migrations, because agricultural systems are failing to increase production rapidly enough to feed the people and forests are cleared to raise crops for export which depletes the soil and contaminates the river systems. Economic growth always has costs or sacrifices and they are always passed on to the poorest members of the society, so the rest of us don't have to look at it, this is how humans have organized our societies for the last 6000 years.
So what I meant when I said that *you Democrats* won't fight this, I think what I was implying is that you are on the side that wants to save the dollar and continue suppressing speculation in the hard assets. OK, I don't actually know what the sides are here. I have no idea how I as an individual or how society could act to destroy the dollar or save the dollar. And I don't know why or how anyone would suppress or encourage speculation in hard assets. When you say "continue suppressing speculation", how is that being done? As far as I can tell, anyone with enough wealth can speculate all they want.Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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Phat Member Posts: 18648 From: Denver,Colorado USA Joined: Member Rating: 4.4
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Percy writes: I'm not yet convinced that they are wrong and you are right. I'm just now more skeptical as to whether they have my interests at heart (they likely don't) and whether their information is at least partly true. (it seems like it is). The fact that you see nothing threatening to the US dollar-based global system is in my opinion walking with blinders on. The main reason it stays on top is that there is nothing yet any better. When you say you're being conned, are you serious? Are you telling us that you finally believe what we've been telling you for at least a couple of years? If that's what you're saying then I, for one, don't believe you. You're a backslider, and you'll be listening to all the YouTube dingbats again by next week. In these matters, you often check out the source without bothering to review the content. I found out that the source is wealthy people. They have a vested interest in people fleeing from stocks and buying the things they supposedly buy. They can then sell for a massive profit. An interesting side note:Mitt Romney ($400.00 million net worth) and Warren Buffet (Billions of net worth) Both advocate buying farmland and Apartment buildings. Sorta out of my league, but it's interesting how these wealthy men don't advocate precious metals. You're a backslider, and you'll be listening to all the YouTube dingbats again by next week. Thanks for your vote of confidence. I am now interested in finding proof that what these wealthy podcasters preach is fake news. You have not yet convinced me."A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox “A God without wrath brought men without sin into a Kingdom without judgment through the ministrations of a Christ without a Cross.” “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
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Phat Member Posts: 18648 From: Denver,Colorado USA Joined: Member Rating: 4.4
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What currency will they take in exchange for their precious metals? Likely the strongest contender or contenders after the dollar is dethroned. Or perhaps the dollar will simply be redesigned as a digital currency and revalued. My contention is that there will be a reset of some sort. A major one. Explaining to you how this will play out is one of my goals. I just need to understand it better myself."A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox “A God without wrath brought men without sin into a Kingdom without judgment through the ministrations of a Christ without a Cross.” “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
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Phat Member Posts: 18648 From: Denver,Colorado USA Joined: Member Rating: 4.4
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When you say "continue suppressing speculation", how is that being done? As far as I can tell, anyone with enough wealth can speculate all they want. I think it all started when Nixon decoupled the dollar from gold in 1971."A lie can travel half way around the world while the truth is putting on its shoes." ~Mark Twain " *** “…far from science having buried God, not only do the results of science point towards his existence, but the scientific enterprise itself is validated by his existence.”- Dr.John Lennox “A God without wrath brought men without sin into a Kingdom without judgment through the ministrations of a Christ without a Cross.” “The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of a doubt, what is laid before him.” — Leo Tolstoy, The Kingdom of God is Within You
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nwr Member Posts: 6484 From: Geneva, Illinois Joined: Member Rating: 9.0 |
I'm not yet convinced that they are wrong and you are right. I'm just now more skeptical as to whether they have my interests at heart (they likely don't) and whether their information is at least partly true. That's a start, at least. The thing to remember is that youtube videos tend present lots of marketing hype and very little critical analysis.
I found out that the source is wealthy people. They have a vested interest in people fleeing from stocks and buying the things they supposedly buy. They can then sell for a massive profit. We have been repeatedly trying to point this out to you.
An interesting side note: Mitt Romney ($400.00 million net worth) and Warren Buffet (Billions of net worth) Both advocate buying farmland and Apartment buildings. Sorta out of my league, but it's interesting how these wealthy men don't advocate precious metals. That should tell you something. However, jumping into real estate is not a panacea. If you want to make money that way, you have to get involved in knowing the risks and following market conditions.Fundamentalism - the anti-American, anti-Christian branch of American Christianity
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Tanypteryx Member Posts: 4597 From: Oregon, USA Joined: Member Rating: 10.0
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The fact that you see nothing threatening to the US dollar-based global system is in my opinion walking with blinders on. I still don't have a clue what you think the threat is and what we should do to react or change the feared outcome.
The main reason it stays on top is that there is nothing yet any better. What specific characteristics do you think would make a currency better than the U.S. dollar for global trade?
I'm just now more skeptical as to whether they have my interests at heart (they likely don't) and whether their information is at least partly true. Really? You think they have a pawn's interests at heart? So their videos are actually public service announcements? Ask yourself, are any real economists and market experts also saying what they are saying? It really seems like these guys are sowing panic and fear, because the resulting chaos creates the conditions that that they have figured out how to profit from.Stop Tzar Vladimir the Condemned! What if Eleanor Roosevelt had wings? -- Monty Python One important characteristic of a theory is that is has survived repeated attempts to falsify it. Contrary to your understanding, all available evidence confirms it. --Subbie If evolution is shown to be false, it will be at the hands of things that are true, not made up. --percy The reason that we have the scientific method is because common sense isn't reliable. -- Taq
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dwise1 Member Posts: 6076 Joined: Member Rating: 7.4
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However, jumping into real estate is not a panacea. If you want to make money that way, you have to get involved in knowing the risks and following market conditions. My father's father tried to get in on every get-rich scheme he could, many of them involving real estate and none of which panned out. My father's story is that he once tried to get into peanut farming but he planted the crop at the wrong phase of the moon so the plants all went to tops instead of roots, hence no crop (literally what my father told me; later the "POM factor" had become a software engineering term for explaining intermittent bugs (AKA "spurious anomalies"): "Why did that just happen?" "Must be the phase of the moon."). My father learned from his father's bad example and avoided such schemes, choosing instead to be the most honest small businessman he could be (general contractor). But he still fell for a couple real estate investment deals: Golden Valley, AZ, near Kingman and in Palmdale just north of Los Angeles. Both were desert properties and he bought both of them because of "inside information" that they would be on the site of a new airport -- in the late 60's one idea for solving the problem of expanding LAX was to build a new airport out in Palmdale and use light rail to ferry the passengers into LA. Of course, neither investment panned out and the family inherited those headaches which were never any part of any actual development of any kind but rather remained empty desert lots. We finally rid ourselves of the last one last year. As we were going through the nightmare of a real estate deal being conducted remotely because of COVID (I had to do a lot of printing of documents, then scanning the signed printouts to re-send them), I mentioned it at the local Atheists United monthly breakfast meeting. A woman there about my age told me about her aunt who had fancied herself a real estate investor; it was a good thing she didn't have much money to begin with, so there was a limit to how much she lost. She had also bought property in Palmdale because of news that they were going to build an airport there. And she had also bought land in Golden Valley because an airport was going to be built there too (looking at a map, Kingman Airport is actually on the opposite side of Kingman). That's when I told her about my father's involvement with that same Golden Valley deal. BTW, we inherited those properties in 1995 at which time we had them appraised. We ended up selling one under the appraised value and the last one at the appraised value. Don't know what he had paid for them originally, but I doubt that they had appreciated by much. Just a real-life object lesson in real estate investment.
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nwr Member Posts: 6484 From: Geneva, Illinois Joined: Member Rating: 9.0
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What it really amounts to, is the old saying: "There's no such thing as free lunch."
If you want to make money, you have to actually work at it. If a scheme promises that you can sit back while riches accumulate, it is likely to be a scam.Fundamentalism - the anti-American, anti-Christian branch of American Christianity
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dwise1 Member Posts: 6076 Joined: Member Rating: 7.4 |
If a scheme promises that you can sit back while riches accumulate, it is likely to be a scam. Though that's actually how we are taught to view real estate. Real estate appreciates while everything else depreciates. What they don't tell you is that some real estate appreciates so slowly that it can take several generations before you see much profit.
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Percy Member Posts: 22947 From: New Hampshire Joined: Member Rating: 7.0 |
Phat writes: I'm not yet convinced that they are wrong and you are right. That's only because my YouTube video isn't out yet.
I'm just now more skeptical as to whether they have my interests at heart (they likely don't) and whether their information is at least partly true. (it seems like it is). I called you a backslider, and you proved it within a single message. Just previously in Message 61 you said, "I am indeed being conned," and now just one message later you're saying you're merely more skeptical. I think your brain has been ground into sawdust over the years and now is just leading you around in whatever random direction it falls into on any given day. You've retained your ability to read and write but not to sift through evidence and arrive at reasonable conclusions.
The fact that you see nothing threatening to the US dollar-based global system is in my opinion walking with blinders on. The main reason it stays on top is that there is nothing yet any better. You're only saying this because your YouTube nutjobs are telling you this. When pressed to explain how the US dollar is threatened you either say nothing or become incoherent or absurd. In these matters, you often check out the source without bothering to review the content. I do not "often check out the source," especially YouTube videos. How many times do we have to tell you to make your points in your own words? It must be approaching a hundred times by now. From now on, every time you post a YouTube video where you should be making an argument I'm going to respond with a Looney Tunes video. I found out that the source is wealthy people. They have a vested interest in people fleeing from stocks and buying the things they supposedly buy. They can then sell for a massive profit. This is idiocy. Many wealthy people own stocks and have a vested interest in people not fleeing them. In fact, most wealthy people have a diversified portfolio and don't want anyone fleeing any of their investment vehicles. An interesting side note: Mitt Romney ($400.00 million net worth) and Warren Buffet (Billions of net worth) Both advocate buying farmland and Apartment buildings. Sorta out of my league, but it's interesting how these wealthy men don't advocate precious metals. Mitt Romney's secret to success is his father's advice: "Son, you were born rich. Don't blow it." I don't know that I'd listen to Romney. I suspect much of the Romney success story with Bain Capital is propaganda. But Buffet is worth listening to. It's surprising that you mention an actual competent investor. You're a backslider, and you'll be listening to all the YouTube dingbats again by next week. Thanks for your vote of confidence. You should be thanking me instead for the infusion of reality.
I am now interested in finding proof that what these wealthy podcasters preach is fake news. You have not yet convinced me. You're working at it backwards. Here are two approaches to judging what is likely true:
Which approach do you think is best? Which approach are you using? See the problem? --Percy
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Percy Member Posts: 22947 From: New Hampshire Joined: Member Rating: 7.0
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Phat writes: Likely the strongest contender or contenders after the dollar is dethroned. Or perhaps the dollar will simply be redesigned as a digital currency and revalued. My contention is that there will be a reset of some sort. A major one. Explaining to you how this will play out is one of my goals. I just need to understand it better myself. Why in the name of all that is rational are you making pronouncements about things that by your own admission you don't yourself yet understand? --Percy
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Percy Member Posts: 22947 From: New Hampshire Joined: Member Rating: 7.0 |
Phat writes: When you say "continue suppressing speculation", how is that being done? As far as I can tell, anyone with enough wealth can speculate all they want. I think it all started when Nixon decoupled the dollar from gold in 1971. What was it in your addled brain that led you to believe this is a coherent answer? --Percy
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Percy Member Posts: 22947 From: New Hampshire Joined: Member Rating: 7.0
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If you bought real estate, say, five years ago then your timing was great and you've probably seen an astronomical increase in value amounting to more than 25% a year. But we bought our house over 30 years ago, and while the current value seems amazing to us, it only amounts to a 2.4% annualized return.
--Percy
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