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Author | Topic: Phat's Bookshelf | |||||||||||||||||||||||||||||||||||||||
Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Theo writes: And *surprise,surprise* the dollar is up! Way more than it should be up, given how many dollars (excess dollars) are in circulation. What goes up must come down.
And gold and silver are down for the year.
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Did it ever occur to you that the value of the gold is inflating even as the market holds it down? If the credit markets all imploded tomorrow, some estimate the value of the gold to be north of $50,000.00 an ounce. (for a brief time, until stability was re-established)
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Phat Member Posts: 18348 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
Theo writes: I'll try. Start with the 5 times claim So far I only found this which supports my critics rather than I. I'm going to keep looking, however.
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Theodoric Member Posts: 9200 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
Because you are a troll and trolls are just to be pointed at and laughed at.
What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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ringo Member (Idle past 440 days) Posts: 20940 From: frozen wasteland Joined: |
Phat writes:
Oh, please. You have plenty of time for repeating your conspiracy theories over and over and over again. You can find time to address your replies instead of more and more and more repetition. I have little time to fool around here entertaining your skeptically pickled brains.Come all of you cowboys all over this land, I'll teach you the law of the Ranger's Command: To hold a six shooter, and never to run As long as there's bullets in both of your guns. -- Woody Guthrie
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Theodoric Member Posts: 9200 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
You truly have no idea how the bond market works, but you feel capable of making economic and financial prognostications?
Debate with you is pointless. I will go back to just pointing out the blatant stupidities you spout. At least that way it is fun.What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Theodoric Member Posts: 9200 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
About what?
What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Taq Member Posts: 10084 Joined: Member Rating: 5.1
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Phat writes: The bonds worth are calculated in U.S. Dollars. Gold's worth is also calculated in US dollars. Gold would have yielded fewer dollars than bonds over the last 2 years.
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ringo Member (Idle past 440 days) Posts: 20940 From: frozen wasteland Joined:
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Phat writes:
I've given you YEARS.
ringo writes:
Give me a minute! You're still not addressing any rebuttals. Phat writes:
Start with ONE. I cant very well answer every one of your rapid fire posts and read books at the same time. You've just done seven posts in a row, in the space of 23 minutes, making excuses and repeating nonsense about the dollar crashing. You have time. Think!Come all of you cowboys all over this land, I'll teach you the law of the Ranger's Command: To hold a six shooter, and never to run As long as there's bullets in both of your guns. -- Woody Guthrie
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Theodoric Member Posts: 9200 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
Way more than it should be up, given how many dollars (excess dollars) are in circulation.
But you have not shown this to be true. Show us this 5-times increase in dollars in circulation. Also, you do realize that economics is more complex than more dollars= inflation, don't you? How Does Money Supply Affect Inflation?What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Taq Member Posts: 10084 Joined: Member Rating: 5.1 |
Phat writes: Did it ever occur to you that the value of the gold is inflating even as the market holds it down? Gold prices are actually down over the last 2 years. If gold prices were inflating they would be going up, just like prices for many other goods are going up.
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Theodoric Member Posts: 9200 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
some estimate
Who? Source please.Why would credit markets implode? Did it ever occur to you that the value of the gold is inflating even as the market holds it down?
That makes no logical, financial, or economic sense. Gold has no more intrinsic value than pork bellies.What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Theodoric Member Posts: 9200 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
So did you lie? If one of your sources claimed this then they lied. Do you trust sources that lie to you? Of course you do.
What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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Taq Member Posts: 10084 Joined: Member Rating: 5.1
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Phat writes: Yes, but only because it is the best of the fiat currencies. Since all currencies are fiat currencies, the dollar is the best currency right now, period.
After Nixon separated the dollar from gold, the dollar became counter-cyclical to the gold. Since gold is traded globally, this isn't surprising. Most internationally traded goods will become cheaper as the dollar strengthens since a stronger dollar has more purchasing power. The stronger the dollar is to the Chinese yuan the cheaper those Chinese imports will be for Americans. The price of gold is also set based on what people in other countries will pay for it, and if their currency is weaker than the dollar then the price of gold will go down with respect to the dollar.
The dollar can't even determine the value of itself. Go to a grocery store. They have little signs everywhere that tell you what the value of the dollar is.
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Theodoric Member Posts: 9200 From: Northwest, WI, USA Joined: Member Rating: 3.2 |
The amazing thing is that he thinks he has some sort of valid argument and reasoning. But all he does is expose his elementary school understanding of finance and economics. No wonder the youtube charlatans do so well.
What can be asserted without evidence can also be dismissed without evidence. -Christopher Hitchens Facts don't lie or have an agenda. Facts are just facts "God did it" is not an argument. It is an excuse for intellectual laziness. If your viewpoint has merits and facts to back it up why would you have to lie?
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