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Author Topic:   Phat's Bookshelf
Taq
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Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


(3)
Message 89 of 174 (904351)
12-27-2022 11:09 AM
Reply to: Message 75 by Phat
12-27-2022 7:53 AM


Re: Videos, Books, and Propaganda
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.

This message is a reply to:
 Message 75 by Phat, posted 12-27-2022 7:53 AM Phat has seen this message but not replied

Replies to this message:
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Taq
Member
Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


Message 91 of 174 (904357)
12-27-2022 12:24 PM
Reply to: Message 21 by Phat
12-22-2022 6:32 PM


Re: Videos, Books, and Propaganda
Phat writes:
There are five times as many dollars in circulation as there used to be.
Getting back to this claim . . .
Of course, this all depends on how far back you go. I'm sure there was some point in history where there was 1/5th the amount of currency in circulation than there is now. That looks to be around 1990-95 according to this chart (select MAX):
https://tradingeconomics.com/...n%20in%20January%20of%201959.
There was a spike in 2020 because of you know what, but it wasn't a 5x increase. It was about a 20% increase, or a 1/5th increase. I'm guessing that Phat got the denominator and numerator mixed up.

This message is a reply to:
 Message 21 by Phat, posted 12-22-2022 6:32 PM Phat has seen this message but not replied

  
Taq
Member
Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


(3)
Message 105 of 174 (904650)
01-04-2023 11:48 AM
Reply to: Message 100 by Phat
12-30-2022 4:08 PM


Re: its The Marketplace, stupid
Phat writes:
l Stick with the gold.
You mean the stuff that only has value because we say it does?

This message is a reply to:
 Message 100 by Phat, posted 12-30-2022 4:08 PM Phat has replied

Replies to this message:
 Message 106 by Phat, posted 01-04-2023 2:35 PM Taq has not replied

  
Taq
Member
Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


(2)
Message 109 of 174 (904662)
01-04-2023 3:11 PM
Reply to: Message 108 by Phat
01-04-2023 2:40 PM


Re: its The Marketplace, stupid
Phat writes:
Democrats are quite capable of convincing people that there is only one way and that they are that way.
All Democrats are saying is that there is one reality. That seems too much for Republicans to handle given their propensity for inventing fantasy worlds and alternate facts.

This message is a reply to:
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Taq
Member
Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


(3)
Message 154 of 174 (905160)
01-19-2023 10:49 AM
Reply to: Message 147 by Phat
01-19-2023 3:22 AM


Re: The War On The West Chapter One
Phat writes:
Chapter One goes on to discuss the evolution of CRT(Critical Race Theory) and of its effects on society-at-large.
Yet another boogey man that Conservatives use to scare people. The only impact CRT has had on society is Conservatives telling people to be scared of it.

This message is a reply to:
 Message 147 by Phat, posted 01-19-2023 3:22 AM Phat has seen this message but not replied

  
Taq
Member
Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


(1)
Message 159 of 174 (905175)
01-19-2023 11:52 AM
Reply to: Message 156 by Phat
01-19-2023 11:34 AM


Re: The War On The West
Phat writes:
That's my source. We now need to find the authors source.
Americans don't have standing in African or Middle Eastern courts, and Americans have no say in the governments in those regions. That would be the difference.

This message is a reply to:
 Message 156 by Phat, posted 01-19-2023 11:34 AM Phat has replied

Replies to this message:
 Message 161 by Phat, posted 01-19-2023 12:01 PM Taq has replied

  
Taq
Member
Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


(2)
Message 162 of 174 (905180)
01-19-2023 12:04 PM
Reply to: Message 161 by Phat
01-19-2023 12:01 PM


Re: The War On The West
Phat writes:
What's fascinating yet disturbing to me is the point that Murray brings up that many of the critics of the Western system of traditional power are made up of many in the West themselves! Talk about wanting to shoot the horse you ride on!
It's called being self aware, understanding why you have a privileged position in the world. Why is that disturbing?
And yet all of you will whine once the system crashes. You will blame the conservatives for a crash that you helped cause.
Fantasies are not a replacement for reality.

This message is a reply to:
 Message 161 by Phat, posted 01-19-2023 12:01 PM Phat has seen this message but not replied

  
Taq
Member
Posts: 10190
Joined: 03-06-2009
Member Rating: 3.0


Message 174 of 174 (905347)
01-23-2023 4:10 PM
Reply to: Message 173 by Phat
01-21-2023 4:00 PM


Re: Bonds or Gold?
Phat writes:
You do have an argument, but the consensus is that we are entering a recession and that the past 30 years of compounded gains will take quite a hit. At this point in time, I would invest at least 10% into hard assets.
Diversification and hedges are always a good idea. I mentioned I bonds before:
I bonds — TreasuryDirect
The return on I bonds shifts with inflation so you are always protected. You can buy a max of 10k per year.

This message is a reply to:
 Message 173 by Phat, posted 01-21-2023 4:00 PM Phat has seen this message but not replied

  
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