|
Register | Sign In |
|
QuickSearch
EvC Forum active members: 65 (9164 total) |
| |
ChatGPT | |
Total: 916,909 Year: 4,166/9,624 Month: 1,037/974 Week: 364/286 Day: 7/13 Hour: 2/2 |
Thread ▼ Details |
|
Thread Info
|
|
|
Author | Topic: Phat's Bookshelf | |||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
The bonds worth are calculated in U.S. Dollars. The US Dollar has lost purchasing "power" relative to earlier times nearly always. But thats not the main point.
random ramblings:I'm sure that my critics will want my own words. But first lets address the data concerning these bonds you talk about. Yahoo Finance writes: My argument is evolving. I don't have a total grasp on the reality of finance, but I have studied the effect of commodity pricing as counter cyclical to the US Dollar and International Dollar (as global reserve currency.) Recessions often prove more painful than anticipated because they can be self-reinforcing: Job losses reduce demand, spurring additional layoffs, for example. The extent of a recession depends on the scale of the economic imbalances that cause them. Edited by Phat, .
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Not quite. My BS is 97 this morning. Time to eat.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Taq writes: Does your math adjust for inflation? And does our collective math adjust for the fact that the US Dollar, though playing bedrock for the rest of the planet, is no bedrock. It is merely the strongest among equals.
The current rate on a federal I bond is 6.89% right now, and the rate fluctuates with inflation. If you cash out before the 30 year term you lose the last 3 months of interest. So let's say an average of 6.5% interest over 2 years, losing the last 3 months so 1.75 years total. A $10,000 I bond held over those two years would yield $11,137.50, by my math.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Im not a scholar. I dont use footnotes or references. 90% of the information that I repeat is gleaned from books and written source materials, but since I never take nor never have taken notes I dont have written sources. IIRC, the money growth was M1. Let me search a bit and see if i can find anything:
Or are you ready to admit you have no clue what you are babbling about I have been told by people who actually know me that I am intuitive. While I readily admit that I have little if any solid objective evidence, this is irrelevant to what may turn out to be a closer approximation of future scenarios than you even fear in your worst imagination. In which case I hope I'm wrong.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Never say never, damsel man. Once I get going, you will learn a thing or two, unless your thinking is too clouded by political extremism. I predict that a year from now you will have a wee bit of begrudging respect for me. If not, I will have been proven to be just another old man with a sugar-pickled brain and a delusional exaggeration of my own intelligence.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
You, on the other hand light fires under my gut. I think I can match your intelligence, but you do force me to work at it, I must admit. Why not join this book nook discussion by presenting us with a short list of the books *you* have read recently. I don't expect much of a list, but you may surprise me.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
ringo writes: Duly noted. You will note that all You're just diluting your nonsense by repeating it in so many threads.ringo writes: Fair enough. I do have a habit of beginning new books before finishing old ones. This is true especially with my latest book which I have already listened to over and over on Audible.
What I'm saying is read the books and then discuss them. ringo writes: I plan on it. Keep in mind, O educated Peanut Gallery, that I am 63, I work every day, and I have little time to fool around here entertaining your skeptically pickled brains. Now that I have consolidated all of my books into this one topic, we can discuss them...all of them...here.
But you're treating the books the same way you treat YouTube - as absolute truth with no room for discussion. If you were actually thinking about the content, you should be able to discuss the rebuttals.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Taq writes: Explain the guarantee. I was always taught that there are no guarantees in this life. The US has had a stable dollar forr thirty-fifty years. The next 50 will see its collapse. Your bonds wont feed a fireplace then.
Bonds come with a guaranteed interest rate.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Theo writes: I will try. I renamed the topic we are in and do not plan on starting any new Book Nook topics no matter how many books I read... You cannot even stay on topic on your own topics. How about you take a break and come back when you can concentrate on one or two of the OPs you started. BTW, the government does not provide a product. Correct. The government provides a guarantee. My point is that this guarantee is shaky. BTW did your esteemed financial expert (friends) ever get back to you?
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
nwr writes: The government will need much higher taxes than that. We should rename the slogan Build Back Broke.
The private sector has been buying politicians, particularly Republicans, to enable them to rip of the American workers. Those workers are as productive as ever, but most of what they have produced has been going to the top. No, the wealthy won't have to save America. Rather, Americans will need to take back those ill gotten gains from the wealthy thieves.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
ringo writes: Give me a minute! Sheesh. I cant very well answer every one of your rapid fire posts and read books at the same time. Plus work. Plus sleep. Plus take care of myself. You are just gonna have to wait.
You're still not addressing any rebuttals.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Taq writes: Currency used to be based on a bedrock value. Nowadays, it is based on the full faith and trust of the people. Thats it. And it takes no rocket scientist to conclude that such a value can and does change. Granted the markets (and marketplaces) are stable for now. This will change in 2023 and beyond. This is no mere macro-cycle we are in. We are at the beginning of the end of the life we now know.
It is rather obvious that the marketplace already sets the values of products, and it does so in whatever currency is legal tender in their country. International markets also determine the relative value of currencies.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Taq writes: Granted. Note that the value of hard assets is always measured in dollars. Now...what were dollars measured in again? Value-wise.
As it turns out, one of the nice features of hard assets is that you can trade them for dollars in a digital transaction.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Theo writes:
What is this sentence trying to say? At best it is a non-sequitur at worst word salad.Mr.Dictionary writes:
OK. lets rewind.
nounnoun: non sequitur; plural noun: non sequiturs; noun: nonsequitur; plural noun: nonsequiturs a conclusion or statement that does not logically follow from the previous argument or statement."his weird mixed metaphors and non sequiturs" Phat writes: What I meant was Bidens lame attempt to fight the war in Ukraine through weaponizing the US Dollar. The dollar is and was far too shaky to weaponize against such a big and powerful country. Russia is no banana republic. *sheer American arrogance* Anyone who doubts the bedrock value of hard assets (Land, Gold, Copper, Nickel, Oil, Natural Gas, etc) need only ask Europe what they think as they shiver this Winter. Dalio mentioned in his theory of the great cycles of empires that the transition to the next one is usually marked with a war. The Ukraine war is keeping the United States busy flaunting our diminishing power while China prepares to assume theirs.China is good cop. Putin is bad cop.
|
|||||||||||||||||||||||||||
Phat Member Posts: 18349 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
I note that channel and will watch it. I can always learn something. Thanks.
Economics Explained It already looks like a winning channel! Im watching the first(or latest) video now. This channel will keep me busy awhile.
|
|
|
Do Nothing Button
Copyright 2001-2023 by EvC Forum, All Rights Reserved
Version 4.2
Innovative software from Qwixotic © 2024