Understanding through Discussion


Welcome! You are not logged in. [ Login ]
EvC Forum active members: 107 (8805 total)
Current session began: 
Page Loaded: 12-10-2017 7:17 PM
354 online now:
NoNukes (1 member, 353 visitors)
Chatting now:  Chat room empty
Newest Member: jaufre
Post Volume:
Total: 823,997 Year: 28,603/21,208 Month: 669/1,847 Week: 44/475 Day: 44/58 Hour: 0/0

Announcements: Reporting debate problems OR discussing moderation actions/inactions


Thread  Details

Email This Thread
Newer Topic | Older Topic
  
RewPrev1
...
1516
17
1819
...
27NextFF
Author Topic:   The Giant Pool Of Money. Implications
Pressie
Member
Posts: 1851
From: Pretoria, SA
Joined: 06-18-2010
Member Rating: 2.2


Message 241 of 391 (799313)
02-09-2017 6:55 AM
Reply to: Message 235 by ramoss
04-03-2013 8:00 PM


Re: Chicken Little and PT Barnum
I would go with the silver myself. That is the best defense against lycanthropes and vampires.
I again bought a few gold coins the other day. For my retirement. Currencies fluctuate. The value of gold has been going up and up and up and up regardless of currency fluctuations.

I don't keep those coins in banks, though.

For the people who want to rob me; they're also not in any of my residences, either.

Edited by Pressie, : No reason given.

Edited by Pressie, : No reason given.

Edited by Pressie, : No reason given.


This message is a reply to:
 Message 235 by ramoss, posted 04-03-2013 8:00 PM ramoss has not yet responded

    
caffeine
Member
Posts: 1355
From: Prague, Czech Republic
Joined: 10-22-2008
Member Rating: 3.7


Message 242 of 391 (799413)
02-10-2017 4:34 AM
Reply to: Message 237 by Phat
02-06-2017 2:15 PM


Re: Aberration Period
Interesting that you should resurrect this thread now, Phat. I believe you owe crashfrog some money...

crashfrog writes:

It's almost the new year so lets say that 5 years from now is January 2017. The CPI increase rate for 2017 would be out in, say, March? I'll bet you $100 inflation-adjusted 2017 dollars that the annual American inflation rate over the next 5 years doesn't rise above 12%. Bet?

Phat writes:

Bet. *shake*


This message is a reply to:
 Message 237 by Phat, posted 02-06-2017 2:15 PM Phat has acknowledged this reply

Replies to this message:
 Message 243 by RAZD, posted 02-10-2017 8:02 AM caffeine has responded

  
RAZD
Member
Posts: 19292
From: the other end of the sidewalk
Joined: 03-14-2004
Member Rating: 2.3


Message 243 of 391 (799420)
02-10-2017 8:02 AM
Reply to: Message 242 by caffeine
02-10-2017 4:34 AM


Re: Aberration Period
Interesting that you should resurrect this thread now, Phat. I believe you owe crashfrog some money...

Ummm, a little insensitive imho. Phat is trying hard to recover from addiction to gambling, and is a different person now, and I fully support him in his trials with his past. But addicted gamblers will bet on anything. This is the past not the present.

Enjoy


we are limited in our ability to understand
by our ability to understand
RebelAmerican☆Zen☯Deist
... to learn ... to think ... to live ... to laugh ...
to share.


Join the effort to solve medical problems, AIDS/HIV, Cancer and more with Team EvC! (click)

This message is a reply to:
 Message 242 by caffeine, posted 02-10-2017 4:34 AM caffeine has responded

Replies to this message:
 Message 244 by caffeine, posted 02-10-2017 9:52 AM RAZD has acknowledged this reply

  
caffeine
Member
Posts: 1355
From: Prague, Czech Republic
Joined: 10-22-2008
Member Rating: 3.7


(1)
Message 244 of 391 (799431)
02-10-2017 9:52 AM
Reply to: Message 243 by RAZD
02-10-2017 8:02 AM


Re: Aberration Period
Ummm, a little insensitive imho. Phat is trying hard to recover from addiction to gambling, and is a different person now, and I fully support him in his trials with his past. But addicted gamblers will bet on anything. This is the past not the present.

Apologies for any offence Phat - I had forgotten about the gambling.


This message is a reply to:
 Message 243 by RAZD, posted 02-10-2017 8:02 AM RAZD has acknowledged this reply

Replies to this message:
 Message 245 by Phat, posted 02-11-2017 12:59 AM caffeine has not yet responded

  
Phat
Member
Posts: 10222
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.3


(1)
Message 245 of 391 (799553)
02-11-2017 12:59 AM
Reply to: Message 244 by caffeine
02-10-2017 9:52 AM


Re: Aberration Period
Crashfrog was right, though. The pundits are now saying that real interest rates will actually go negative...which means checkmate for the financial markets. The game is up...the Fed is out of tools.

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
Whoever trusts in his own mind is a fool, but he who walks in wisdom will be delivered.~Proverbs 28:26

This message is a reply to:
 Message 244 by caffeine, posted 02-10-2017 9:52 AM caffeine has not yet responded

Replies to this message:
 Message 246 by Theodoric, posted 02-11-2017 10:35 AM Phat has acknowledged this reply
 Message 248 by Diomedes, posted 02-13-2017 10:41 AM Phat has acknowledged this reply
 Message 255 by crashfrog, posted 04-03-2017 10:04 PM Phat has responded

  
Theodoric
Member
Posts: 5772
From: Northwest, WI, USA
Joined: 08-15-2005
Member Rating: 9.6


(2)
Message 246 of 391 (799575)
02-11-2017 10:35 AM
Reply to: Message 245 by Phat
02-11-2017 12:59 AM


Re: Aberration Period
I miss Crashie. At times he actual made me look cool and collected.

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.


This message is a reply to:
 Message 245 by Phat, posted 02-11-2017 12:59 AM Phat has acknowledged this reply

    
Phat
Member
Posts: 10222
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.3


Message 247 of 391 (799685)
02-13-2017 9:19 AM
Reply to: Message 13 by Percy
10-07-2010 7:55 AM


Fast Forward
I wonder how large the "pool of money" is now?

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
Whoever trusts in his own mind is a fool, but he who walks in wisdom will be delivered.~Proverbs 28:26

This message is a reply to:
 Message 13 by Percy, posted 10-07-2010 7:55 AM Percy has not yet responded

  
Diomedes
Member
Posts: 669
From: Central Florida, USA
Joined: 09-13-2013
Member Rating: 5.8


Message 248 of 391 (799687)
02-13-2017 10:41 AM
Reply to: Message 245 by Phat
02-11-2017 12:59 AM


Re: Aberration Period
Crashfrog was right, though. The pundits are now saying that real interest rates will actually go negative...which means checkmate for the financial markets. The game is up...the Fed is out of tools.

That is actually already happening in some countries.

One of the things that people don't talk about as much as they should are the reckless policies of the central banks the world over. Including our Fed. It started with Greenspan in the 80s and 90s. The result of his policies were the dot com bubble and the housing bubble and subsequent financial crisis. Wall Street was of course complicit. But their risk aversion was the result of continued intervention of the government. The Savings and Loan scandal of the 80s. The Asian currency crisis on the 90s. And finally, the financial crisis of 2008. In every instance, the government stepped in to intervene to mitigate the damage. But in most cases, nothing was done to chastise Wall Street. If anything, they were emboldened to take on more risk because they now realized that they would continuously be bailed out.

One of the things we are now seeing the world over is a rise in populism. This has many sources, but one of the big ones is that people are realizing the game is rigged in the favor of a select few wealthy folks and the elites. That is why many are voting in ways not anticipated and why establishment politicians are being rebuked.


This message is a reply to:
 Message 245 by Phat, posted 02-11-2017 12:59 AM Phat has acknowledged this reply

  
Phat
Member
Posts: 10222
From: Denver,Colorado USA
Joined: 12-30-2003
Member Rating: 1.3


Message 249 of 391 (800187)
02-20-2017 4:15 PM
Reply to: Message 9 by jar
10-06-2010 6:11 PM


Twenty years after the Aberration Period
jar writes:

The Aberration was that period after WWII when the productivity of almost ever developed nation except the US had been destroyed.
For a period of almost fifty years the US had a significant advantage; even the very materials to rebuild the infrastructure of Japan, Korea and western Europe came from the US. In addition, the political regimes in the Soviet Union and its satellites and in China held those peoples back.

The one real industrial power in the world was the US and no other nation really competed.

But that had not always been the case. Japan, Germany, Italy, France and in particular the British Empire had been equal competitors before WWII, and in many ways maybe even more advanced then the US.

Il Donald has promised to make the trains run on time...but in this global age of competition, is it possible that his abrasive demanding style will alienate foreign governments to the point that they will simply cease doing business with the US entirely and start trading more with each other? Trump really scares me. I fear he could possible damage our nations standing in the world and isolate us from them.

Chance as a real force is a myth. It has no basis in reality and no place in scientific inquiry. For science and philosophy to continue to advance in knowledge, chance must be demythologized once and for all. RC Sproul
"A lie can travel half way around the world while the truth is putting on its shoes." Mark Twain "
~"If that's not sufficient for you go soak your head."~Faith
Whoever trusts in his own mind is a fool, but he who walks in wisdom will be delivered.~Proverbs 28:26

This message is a reply to:
 Message 9 by jar, posted 10-06-2010 6:11 PM jar has responded

Replies to this message:
 Message 250 by jar, posted 02-20-2017 4:28 PM Phat has acknowledged this reply
 Message 251 by ringo, posted 02-21-2017 11:30 AM Phat has acknowledged this reply
 Message 252 by caffeine, posted 02-21-2017 1:12 PM Phat has acknowledged this reply

  
jar
Member
Posts: 29743
From: Texas!!
Joined: 04-20-2004
Member Rating: 1.7


Message 250 of 391 (800189)
02-20-2017 4:28 PM
Reply to: Message 249 by Phat
02-20-2017 4:15 PM


Re: Twenty years after the Aberration Period
The second largest economy in the world is the European Union.

The third largest economy in the world is China.

The fourth largest economy in the world is Japan.

The US major trading partners are Mexico, Canada and China.

The TransPacific Trading Group may equal the size of the US Economy in just a few years.

The largest democracy in the world is India.

The fastest growing economies are in the Pacific and Asian area.

Over 6 million US workers work for foreign owned companies in the US.

What do you think the future entails.


My Sister's Website: Rose Hill Studios My Website: My Website

This message is a reply to:
 Message 249 by Phat, posted 02-20-2017 4:15 PM Phat has acknowledged this reply

  
ringo
Member
Posts: 13963
From: frozen wasteland
Joined: 03-23-2005
Member Rating: 1.7


(1)
Message 251 of 391 (800241)
02-21-2017 11:30 AM
Reply to: Message 249 by Phat
02-20-2017 4:15 PM


Re: Twenty years after the Aberration Period
Phat writes:

Trump really scares me. I fear he could possible damage our nations standing in the world and isolate us from them.


When you elect a cartoon character as President, you don't get much respect.

I expect that most nations will work around Trump as much as possible. It doesn't look like he really wants to DO anything anyway. He prefers to bluster about what he's going to do and then brag about what he did, with no substance between. The substance will be handled by more sensible people.


This message is a reply to:
 Message 249 by Phat, posted 02-20-2017 4:15 PM Phat has acknowledged this reply

  
caffeine
Member
Posts: 1355
From: Prague, Czech Republic
Joined: 10-22-2008
Member Rating: 3.7


Message 252 of 391 (800258)
02-21-2017 1:12 PM
Reply to: Message 249 by Phat
02-20-2017 4:15 PM


Re: Twenty years after the Aberration Period
Il Donald has promised to make the trains run on time...but in this global age of competition, is it possible that his abrasive demanding style will alienate foreign governments to the point that they will simply cease doing business with the US entirely and start trading more with each other? Trump really scares me. I fear he could possible damage our nations standing in the world and isolate us from them.

Most trading is not done by governments - it's done by private entities. And there is no danger that they will stop trading with the US. There is still a lot of money in America, and people who have things to sell will continue to sell them.

Even when governments do business, they usually put basic economic concerns above their opinions of a government. That's why Saudi Arabia, the absolutist monarchy that exports religious extremism and terrorism at an astonishing rate, is the big friend and ally of the west. It's all about the money.

Also worth bearing in mind when jar talks about the size of the European economy is that a lot of the biggest players in that economy are US companies.


This message is a reply to:
 Message 249 by Phat, posted 02-20-2017 4:15 PM Phat has acknowledged this reply

Replies to this message:
 Message 253 by jar, posted 02-21-2017 1:20 PM caffeine has responded

  
jar
Member
Posts: 29743
From: Texas!!
Joined: 04-20-2004
Member Rating: 1.7


Message 253 of 391 (800260)
02-21-2017 1:20 PM
Reply to: Message 252 by caffeine
02-21-2017 1:12 PM


Re: Twenty years after the Aberration Period
jar writes:

Also worth bearing in mind when jar talks about the size of the European economy is that a lot of the biggest players in that economy are US companies.

And lots of former US companies are moving towards becoming non-US based companies. Burger King is a great example being bought by Tim Hortons.


My Sister's Website: Rose Hill Studios My Website: My Website

This message is a reply to:
 Message 252 by caffeine, posted 02-21-2017 1:12 PM caffeine has responded

Replies to this message:
 Message 254 by caffeine, posted 02-21-2017 5:51 PM jar has acknowledged this reply

  
caffeine
Member
Posts: 1355
From: Prague, Czech Republic
Joined: 10-22-2008
Member Rating: 3.7


Message 254 of 391 (800296)
02-21-2017 5:51 PM
Reply to: Message 253 by jar
02-21-2017 1:20 PM


Re: Twenty years after the Aberration Period
And lots of former US companies are moving towards becoming non-US based companies. Burger King is a great example being bought by Tim Hortons.

I work for a company that talks a lot about becoming a non-US based company (they say 'globally-centric rather than US-centric' which is absurd corporate gobbledegook. 'Acentric' would make sense. 'Globally-centric' is meaningless). Nevertheless, they are still clearly a US based company, and will be for some time.

The gradual shift in US multinationals to becoming anational will continue, but that will continue regardless of what any US President does. The only way to prevent it, in my opinion, would be by trying to turn back the clock by imposing prohibitve tarriffs on cross-border trade. I can't see that flying, but then I also thought Trump would never be elected, so let's see.


This message is a reply to:
 Message 253 by jar, posted 02-21-2017 1:20 PM jar has acknowledged this reply

  
crashfrog
Inactive Member


(5)
Message 255 of 391 (803714)
04-03-2017 10:04 PM
Reply to: Message 245 by Phat
02-11-2017 12:59 AM


Re: Aberration Period
Hey Phat, hey, everybody.

So I had the reminder for this bet set on my phone, but I couldn't remember what it was about so I popped in here to try to remind myself. Imagine my luck that Phat had himself promoted the thread! And then RAZD mentioned the gambling thing and so I just wanted to pop in and say that I certainly have no intention of collecting on the bet; honestly the "I told you so" is all the payment I would ever need, right?

And in truth I'm much more interested in the post-mortem. Phat, would you like to take a stab at assessing the predictive powers of five-years-ago you? I can appreciate that trying to reconstruct past mental states is difficult - I often look at the wardrobe choices of five-years-ago me and struggle to recollect what the hell I was thinking. But I'd be interested if you would care to hazard a guess as to why things turned out my way rather than yours.

I'm glad our bet wasn't about who the president would be, though. Holy shit.


This message is a reply to:
 Message 245 by Phat, posted 02-11-2017 12:59 AM Phat has responded

Replies to this message:
 Message 256 by xongsmith, posted 04-03-2017 10:13 PM crashfrog has responded
 Message 258 by Phat, posted 04-04-2017 12:31 PM crashfrog has not yet responded

  
RewPrev1
...
1516
17
1819
...
27NextFF
Newer Topic | Older Topic
Jump to:


Copyright 2001-2015 by EvC Forum, All Rights Reserved

™ Version 4.0 Beta
Innovative software from Qwixotic © 2017