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Author
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Topic: The Giant Pool Of Money. Implications
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 7 of 423 (585195)
10-06-2010 1:16 PM
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Reply to: Message 5 by Phat
10-06-2010 12:48 PM
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Re: Scary Implications
Phat writes: First of all, how can some people "get rich" while others remain the same? How did 35 trillion turn into 70? Where did the extra money come from? Some people do get rich, others stay the same, others get poorer. The very thing you quoted shows where the extra money came from, the new productivity of India, Brazil, China and other countries.
Phat writes: Second, what are the implications for us here in the U.S.? Are our pensions safe? Is having twice as much money in the pool equivalent to the value of each unit being half as much? If it becomes harder and harder for our investments to make a profit, will the competition diminish our standard of living? It means that competition has already increased. Having twice as much money simply means that there is twice as much money. In the past we mainly made money by exploiting others. There will be fewer and fewer people or things to exploit.
Phat writes: I fear that what this means is that the way of life as we knew it is gone...forever. America is now becoming just another country that has to work harder and harder to even remain at the same standard of living that once came easy to us. That scares me...because I am getting old. Except for the very short Aberration period, that has always been true.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 5 by Phat, posted 10-06-2010 12:48 PM | | Phat has replied |
| Replies to this message: | | | Message 8 by Phat, posted 10-06-2010 1:25 PM | | jar has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 9 of 423 (585228)
10-06-2010 6:11 PM
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Reply to: Message 8 by Phat
10-06-2010 1:25 PM
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Re: Aberration Period
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. The Aberration was a result of the ramped up capacity of the US as well as the destruction of the economic and industrial capabilities of much of the other industrial nations. A big problem for the US though is that kids were taught that the Aberration was the norm, that the US was the Top Dog and so they had an inviolable right to their prosperity without competition.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 8 by Phat, posted 10-06-2010 1:25 PM | | Phat has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 20 of 423 (585388)
10-07-2010 8:34 PM
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Reply to: Message 19 by Modulous
10-07-2010 8:27 PM
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Re: The American Mindset
You don't understand. Inflation in the price of gold is real money while inflation in the price of a house is not. Edited by jar, : appalin spallin and two fast fingers
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 19 by Modulous, posted 10-07-2010 8:27 PM | | Modulous has seen this message but not replied |
| Replies to this message: | | | Message 23 by Buzsaw, posted 10-08-2010 8:34 AM | | jar has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 24 of 423 (585424)
10-08-2010 9:36 AM
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Reply to: Message 23 by Buzsaw
10-08-2010 8:34 AM
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Re: The American Mindset
I'm sorry Buz but it that is all just nonsense. Do you even have a clue what I said? Let me try again. How is inflation of a house price different than inflation in the price of an ounce of gold?
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 23 by Buzsaw, posted 10-08-2010 8:34 AM | | Buzsaw has not replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 29 of 423 (585443)
10-08-2010 10:48 AM
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Reply to: Message 28 by Phat
10-08-2010 10:40 AM
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safe investments
Stop and think Phat. The US decided about thirty years ago that safe investments were NOT what the US needed. The voters supported getting rid of safe investments. Safe Investments were found in three basic areas, Regulated Utilities and Transportation where a limited monopoly was granted but the business was heavily regulated, and in Government Bonds. The public decided that we should deregulate the first two. We made the decision that those pension managers should adopt risk as opposed to safety. Sorry Charlie but you tossed the secure pension away thirty years ago.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 28 by Phat, posted 10-08-2010 10:40 AM | | Phat has seen this message but not replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 32 of 423 (585698)
10-09-2010 11:27 AM
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Reply to: Message 31 by Phat
10-09-2010 11:13 AM
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Re: The American Mindset
Where in your quote does it explain what the intrinsic value of gold is? We can see that it makes that claim, but where is the supporting evidence or explanation?
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 31 by Phat, posted 10-09-2010 11:13 AM | | Phat has replied |
| Replies to this message: | | | Message 33 by Phat, posted 10-09-2010 11:39 AM | | jar has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 34 of 423 (585702)
10-09-2010 11:49 AM
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Reply to: Message 33 by Phat
10-09-2010 11:39 AM
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Re: The Intrinsic value of gold as the best commodity for money
Phat writes: In other words, because of its rarity, durability, malleability, and uniformity, gold has traditionally been the best substance for money. Money cant simply be created out of thin air. Why do you think that the central banks still own lots of gold even to this very day? What value does it have for them? It is just ONE of many commodities, just as your link says. It is another commodity just like oil or wheat or lumber or pork bellies. The only difference is that because it is pretty dense and inert, it can be stored in a small area while other commodities can be most easily stored as paper certificates. But again, your link simply makes assertions. It does NOT explain why gold has some unique intrinsic value. One other thing? Have you noticed that all the folk talking about how gold has some intrinsic value are also trying to sell YOU their gold for YOUR paper money?
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 33 by Phat, posted 10-09-2010 11:39 AM | | Phat has replied |
| Replies to this message: | | | Message 35 by Phat, posted 10-09-2010 11:58 AM | | jar has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 38 of 423 (585709)
10-09-2010 12:20 PM
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Reply to: Message 35 by Phat
10-09-2010 11:58 AM
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Re: The Intrinsic value of gold as the best commodity for money
Phat writes: I realize that there are many hucksters who attempt to sell gold. I will say, however, that it is advantageous for large sums of money to be represented by a rare and precious metal. Why? How? Which has more value, a dollars worth of gold or a dollars worth of lead?
Phat writes: Why do nations still have gold reserves? Why do many wealthy families own large amounts of gold? Gold has value because powerful entities need it to have value. Money cannot simply be an electronic blip that denotes human value, since there would be no concentration of rarity and exclusiveness with such a system. I explained that, gold is dense and so can be stored in small areas. But it is just ONE commodity that people or nations hold. Money is nothing but an accounting system. It is nothing but a notation period.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 35 by Phat, posted 10-09-2010 11:58 AM | | Phat has replied |
| Replies to this message: | | | Message 40 by Phat, posted 10-09-2010 12:32 PM | | jar has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 44 of 423 (585720)
10-09-2010 12:57 PM
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Reply to: Message 40 by Phat
10-09-2010 12:32 PM
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Re: The Intrinsic value of gold as the best commodity for money
That still does not address the question Phat. Which has more value, a dollars worth of gold or a dollars worth of lead?
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 40 by Phat, posted 10-09-2010 12:32 PM | | Phat has seen this message but not replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 48 of 423 (585769)
10-09-2010 4:48 PM
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Reply to: Message 46 by Buzsaw
10-09-2010 3:48 PM
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Re: Valueless $$
Buz writes: Biblically/prophetically, this is on tract, corroborating other end time prophecies. Why? Because it is prophesied in the book of Revelation, chapter 13 that all nations, tribes and tongues will, in the apocalyptic end times be required to buy or sell via marks and numbers implanted in the right hand or forehead. Buzz, if you ever get up the nerve to start a thread on your Biblical Prophecy nonsense we can address it, but I imagine that is about as likely as any Biblical Prophecy coming true in the first place. That one in particular is one of your sillier examples. But I imagine that Phat started this thread because he was listening to Christian Radio yet again. It seems that the folk selling vitamins and health foods and gold and prayer hankies know their demographics and so sell where they know the suckers are lined up. Christian Radio, the Gold Mine for the Snake Oil Salesman.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 46 by Buzsaw, posted 10-09-2010 3:48 PM | | Buzsaw has replied |
| Replies to this message: | | | Message 52 by Buzsaw, posted 10-09-2010 6:12 PM | | jar has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 53 of 423 (585779)
10-09-2010 6:15 PM
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Reply to: Message 52 by Buzsaw
10-09-2010 6:12 PM
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Re: Topic Related Prophecy
No problem Buz, I proposed one where you can try to support your position. Hoope to see you there.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 52 by Buzsaw, posted 10-09-2010 6:12 PM | | Buzsaw has not replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 72 of 423 (586626)
10-14-2010 10:03 AM
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Reply to: Message 70 by Buzsaw
10-14-2010 9:29 AM
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Re: Ruff Explains Inflation Fundamentals
Buz writes: In the Reagan years, the debt increased because the Democrat Congress which spends money increased spending. From 1981-1987 the Republicans held the Senate. Plus Reagan still had veto power.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 70 by Buzsaw, posted 10-14-2010 9:29 AM | | Buzsaw has replied |
| Replies to this message: | | | Message 73 by Buzsaw, posted 10-14-2010 11:04 AM | | jar has replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 74 of 423 (586654)
10-14-2010 11:13 AM
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Reply to: Message 73 by Buzsaw
10-14-2010 11:04 AM
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Re: Reagan's Democratic Congress
LOL. So once again you admit that you were simply wrong. If Republican also voted for the bills then it is NOT Democrats that did anything. In addition, Reagan still held veto power and did nothing.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 73 by Buzsaw, posted 10-14-2010 11:04 AM | | Buzsaw has seen this message but not replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 81 of 423 (586880)
10-15-2010 11:08 AM
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Reply to: Message 80 by Buzsaw
10-15-2010 10:53 AM
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Re: Ruff Explains Inflation Fundamentals
You're discounting liklihoods, assuming that Ruff and his constituents were naieve imbeciles lacking the good sense to act prudently. No one is saying that Ruff is an imbecile. He is in the business of selling what he writes. Far from being an imbecile it looks like he has very astutely defined his potential market demographic.
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 80 by Buzsaw, posted 10-15-2010 10:53 AM | | Buzsaw has not replied |
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jar
Member (Idle past 422 days) Posts: 34026 From: Texas!! Joined: 04-20-2004
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Message 87 of 423 (615786)
05-16-2011 6:45 PM
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Reply to: Message 85 by Phat
05-16-2011 5:55 PM
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Re: What Is Money?
Phat writes: I was told that its silly to think of what the conspiracy theorists say about the dollar being at risk of being stripped of its role as a global reserve currency, but, also, others have told me that indeed this is true. This is all news to me. Is there a possibility that life in the U.S. may get even worse than it is now? HUH? What value is added by being a Global Reserve Currency and do you even know what that means?
Anyone so limited that they can only spell a word one way is severely handicapped!
| This message is a reply to: | | | Message 85 by Phat, posted 05-16-2011 5:55 PM | | Phat has replied |
| Replies to this message: | | | Message 103 by Phat, posted 05-17-2011 6:42 PM | | jar has replied |
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