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Author Topic:   Phat's Bookshelf
Taq
Member
Posts: 9323
Joined: 03-06-2009
Member Rating: 3.4


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

  
Tanypteryx
Member
Posts: 3773
From: Oregon, USA
Joined: 08-27-2006
Member Rating: 3.0


(1)
Message 92 of 174 (904358)
12-27-2022 12:29 PM
Reply to: Message 64 by Phat
12-27-2022 7:02 AM


Re: Videos, Books, and Propaganda
Theodoric writes:
Critical thinking is a skill he will never acquire.
Tanypteryx writes:
Along with empathy and self-awareness.
Phat writes:
Once I get going, you will learn a thing or two, unless your thinking is too clouded by political extremism.
So empathy and self-awareness are political extremism?
Phat writes:
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.
This whole response seems like a delusional exaggeration of your own intelligence. "Boy, you just wait, I'll show you!!!"

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


This message is a reply to:
 Message 64 by Phat, posted 12-27-2022 7:02 AM Phat has seen this message but not replied

  
nwr
Member
Posts: 6244
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 4.1


(3)
Message 93 of 174 (904361)
12-27-2022 1:02 PM
Reply to: Message 71 by Phat
12-27-2022 7:29 AM


Re: its The Marketplace, stupid
Currency used to be based on a bedrock value.
That's an illusion. There is no such thing as a bedrock value.

Fundamentalism - the anti-American, anti-Christian branch of American Christianity

This message is a reply to:
 Message 71 by Phat, posted 12-27-2022 7:29 AM Phat has seen this message but not replied

  
nwr
Member
Posts: 6244
From: Geneva, Illinois
Joined: 08-08-2005
Member Rating: 4.1


(2)
Message 94 of 174 (904362)
12-27-2022 1:05 PM
Reply to: Message 75 by Phat
12-27-2022 7:53 AM


Re: Videos, Books, and Propaganda
Only fools believe that the dollar is determining the value of gold.
Supply and demand determine the value of gold.

Fundamentalism - the anti-American, anti-Christian branch of American Christianity

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:
 Message 95 by Theodoric, posted 12-27-2022 6:20 PM nwr has seen this message but not replied

  
Theodoric
Member
Posts: 8140
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.6


Message 95 of 174 (904367)
12-27-2022 6:20 PM
Reply to: Message 94 by nwr
12-27-2022 1:05 PM


Re: Videos, Books, and Propaganda
Which also determines the value of the dollar. Weird.

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?


This message is a reply to:
 Message 94 by nwr, posted 12-27-2022 1:05 PM nwr has seen this message but not replied

  
Theodoric
Member
Posts: 8140
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.6


Message 96 of 174 (904368)
12-27-2022 6:44 PM
Reply to: Message 71 by Phat
12-27-2022 7:29 AM


Re: its The Marketplace, stupid
Currency used to be based on a bedrock value.
What does this mean? What is bedrock value?

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?


This message is a reply to:
 Message 71 by Phat, posted 12-27-2022 7:29 AM Phat has seen this message but not replied

Replies to this message:
 Message 97 by Tanypteryx, posted 12-27-2022 7:11 PM Theodoric has not replied

  
Tanypteryx
Member
Posts: 3773
From: Oregon, USA
Joined: 08-27-2006
Member Rating: 3.0


(1)
Message 97 of 174 (904369)
12-27-2022 7:11 PM
Reply to: Message 96 by Theodoric
12-27-2022 6:44 PM


Re: its The Marketplace, stupid
What does this mean? What is bedrock value?
If you put your dollars in your mattress, something, something, gospotcha...

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


This message is a reply to:
 Message 96 by Theodoric, posted 12-27-2022 6:44 PM Theodoric has not replied

  
Theodoric
Member
Posts: 8140
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 2.6


(3)
Message 98 of 174 (904370)
12-27-2022 7:18 PM


What a real economist thinks
Phat,
Maybe you should listen to real economists.
quote:
The average national price of regular gasoline this Christmas was almost 20 cents a gallon lower than it was a year earlier. Prices at the pump are still higher than they were during the pandemic slump, when economic shutdowns depressed world oil prices, but the affordability of fuel — as measured by the ratio of the average wage to gas prices — is most of the way back to pre-Covid levels.
Now, gas prices aren’t a good measure either of economic health or of successful economic policy — although if you listened to Republican ads during the midterms, you might have thought otherwise. But subsiding prices at the pump are only one of many indicators that the inflationary storm of 2021 to ’22 is letting up. Remember the supply-chain crisis, with shipping rates soaring to many times their normal level? It’s over.
More broadly, recent reports on the inflation measures the Federal Reserve traditionally uses to guide its interest rate policy have been really, really good...
Oh, and with visible inflation slowing, the risks of a wage-price spiral, which I never thought were very large, are receding even further.
So we’ve had some seriously encouraging inflation news. There are still reasons to worry, and the news isn’t solid enough to justify breaking out the Champagne. But given the season, I am going to indulge at least in a glass or two of eggnog.
More on inflation
Opinion | Is the Inflation Storm Letting Up? - The New York Times

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?


  
AZPaul3
Member
Posts: 7508
From: Phoenix
Joined: 11-06-2006
Member Rating: 3.3


Message 99 of 174 (904372)
12-27-2022 8:53 PM
Reply to: Message 71 by Phat
12-27-2022 7:29 AM


Re: its The Marketplace, stupid
Currency used to be based on a bedrock value.
For millennia all over the world most societies relied on gold as their medium of exchange and the only store of value most would trust. Economies were small and there was (usually) plenty of gold around to handle the disruptions and expansions.
That changed when liquidity issues in larger and growing economies could not be serviced with gold. As much as there is there’s just not enough of it. Gold is not so fungible an asset in a digital age.
Gold is a wonderful emotional commodity popular society still cherishes and hoards. But to base an economy as large as the USofA on a nonfungible commodity cannot but spell economic disaster in the very short term and, physically, cannot be done in this economy. There aren’t enough resources available to make the change over. If your currency is to be based on gold you kinda have to have the gold. There isn't enough.
This is no mere macro-cycle we are in. We are at the beginning of the end of the life we now know.
As for our future? Mother Nature will determine how sever our punishments will be regardless of what we do with our commodities or economies.

Stop Tzar Vladimir the Condemned!

This message is a reply to:
 Message 71 by Phat, posted 12-27-2022 7:29 AM Phat has replied

Replies to this message:
 Message 100 by Phat, posted 12-30-2022 4:08 PM AZPaul3 has replied

  
Phat
Member
Posts: 17111
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.0


Message 100 of 174 (904485)
12-30-2022 4:08 PM
Reply to: Message 99 by AZPaul3
12-27-2022 8:53 PM


Re: its The Marketplace, stupid
Perhaps if we back a global currency with humans we would have a bunch oof individuals, each unique...to back the commerce. Sounds doable in theory but evil in practice.l Stick with the gold.

This message is a reply to:
 Message 99 by AZPaul3, posted 12-27-2022 8:53 PM AZPaul3 has replied

Replies to this message:
 Message 101 by AZPaul3, posted 12-30-2022 7:09 PM Phat has replied
 Message 102 by ringo, posted 12-31-2022 12:30 PM Phat has replied
 Message 105 by Taq, posted 01-04-2023 11:48 AM Phat has replied

  
AZPaul3
Member
Posts: 7508
From: Phoenix
Joined: 11-06-2006
Member Rating: 3.3


(1)
Message 101 of 174 (904489)
12-30-2022 7:09 PM
Reply to: Message 100 by Phat
12-30-2022 4:08 PM


Re: its The Marketplace, stupid
Well, my friend, like your views on religion your views on gold have already lost. Reality is well past your old economics.
And like your religion, Phat, you have fallen in with vipers, conmen and republicans out to convince you of their fantasies. Read their books and argue their points but for god's sake, Phat, stop putting actual $$$ into their schemes and their wallets.
P. T. Barnum was right, Phat, but you keep getting born again with every book and video.

Stop Tzar Vladimir the Condemned!

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 108 by Phat, posted 01-04-2023 2:40 PM AZPaul3 has not replied

  
ringo
Member
Posts: 20915
From: frozen wasteland
Joined: 03-23-2005
Member Rating: 2.7


Message 102 of 174 (904522)
12-31-2022 12:30 PM
Reply to: Message 100 by Phat
12-30-2022 4:08 PM


Re: its The Marketplace, stupid
Many years ago, my father asked me to draw a cartoon for his Sunday School class: Fred Flintstone with a thought-bubble containing the word E-V-O-L-U-T-I-O-N.
Sometimes cartoons can convey a strong message.
Sometimes it's a false message.
Cartoons are not necessarily a good source of information. They're one step below videos.

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

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 103 by Phat, posted 12-31-2022 4:19 PM ringo has replied

  
Phat
Member
Posts: 17111
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.0


Message 103 of 174 (904544)
12-31-2022 4:19 PM
Reply to: Message 102 by ringo
12-31-2022 12:30 PM


Re: its The Marketplace, stupid
Sometimes a picture is worth a thousand words. Other times, it needs a good caption. E-V-I-D-E-N-C-E is a good caption,. So is E-V-O-L-U-T-I-O-N.

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 (1894).
When both religious and non-religious people reach the same conclusions then you know religion isn't the reason.--Percy
Democrats should not be the only party. Respect the two-party system. -Phat, in December 2022
We see Monsters where Science shows us Windmills.~Phat, remixed

This message is a reply to:
 Message 102 by ringo, posted 12-31-2022 12:30 PM ringo has replied

Replies to this message:
 Message 104 by ringo, posted 01-02-2023 11:07 AM Phat has replied

  
ringo
Member
Posts: 20915
From: frozen wasteland
Joined: 03-23-2005
Member Rating: 2.7


(1)
Message 104 of 174 (904591)
01-02-2023 11:07 AM
Reply to: Message 103 by Phat
12-31-2022 4:19 PM


Re: its The Marketplace, stupid
Phat writes:
Sometimes a picture is worth a thousand words.
But not always. You ALWAYS prefer the bumper-stickers and videos to anything in-depth.

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

This message is a reply to:
 Message 103 by Phat, posted 12-31-2022 4:19 PM Phat has replied

Replies to this message:
 Message 107 by Phat, posted 01-04-2023 2:39 PM ringo has replied

  
Taq
Member
Posts: 9323
Joined: 03-06-2009
Member Rating: 3.4


(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

  
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