Phat's Bookshelf

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:

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There is no easy way out of the corner the Fed has backed us into.

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Keep in mind that the Fed doesn’t exist to protect YOU or YOUR money – like some folks might think.

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The Fed is there to protect banks and the government.

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The decisions they make are all about next quarter’s numbers… or the next election.

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Because of this, the Fed’s policies tend to be short-sighted in nature.

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They’re not thinking about the effects their actions will have 5, 10, or even 20 years down the road.

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And so, the way we see it… the Fed has put temporary band-aids on major wounds that needed more time to heal.

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And today, that band-aid needs to be ripped off and get some air so it can heal.

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I'm sure that my critics will want my own words. But first lets address the data concerning these bonds you talk about. 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.)

Not quite. My BS is 97 this morning. Time to eat.

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.

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: 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.

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.

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.

Duly noted. You will note that all nonsense Academic discipline and conversation regarding my bookcase will be brought here. All that I ask is that we discuss one book per post, unless otherwise noted and explained. 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. 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.

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.

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...
​ 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?

The government will need much higher taxes than that. We should rename the slogan Build Back Broke.

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.

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.

Granted. Note that the value of hard assets is always measured in dollars. Now...what were dollars measured in again? Value-wise.

OK. lets rewind. 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*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.

I note that channel and will watch it. I can always learn something. Thanks. Economics ExplainedIt already looks like a winning channel! Im watching the first(or latest) video now. This channel will keep me busy awhile.