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Author | Topic: The Giant Pool Of Money. Implications | |||||||||||||||||||||||||||||||||||||||||||||||
Pressie Member Posts: 2103 From: Pretoria, SA Joined: |
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.
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caffeine Member (Idle past 1052 days) Posts: 1800 From: Prague, Czech Republic Joined: |
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*
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RAZD Member (Idle past 1432 days) Posts: 20714 From: the other end of the sidewalk Joined: |
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. Enjoyby our ability to understand Rebel☮American☆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)
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caffeine Member (Idle past 1052 days) Posts: 1800 From: Prague, Czech Republic Joined:
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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.
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Phat Member Posts: 18343 From: Denver,Colorado USA Joined: Member Rating: 1.0
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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
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Theodoric Member Posts: 9197 From: Northwest, WI, USA Joined: Member Rating: 3.2
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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.
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Phat Member Posts: 18343 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
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
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Diomedes Member Posts: 996 From: Central Florida, USA Joined: |
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.
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Phat Member Posts: 18343 From: Denver,Colorado USA Joined: Member Rating: 1.0 |
jar writes: 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. 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.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
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jar Member (Idle past 421 days) Posts: 34026 From: Texas!! Joined: |
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.
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ringo Member (Idle past 439 days) Posts: 20940 From: frozen wasteland Joined:
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Phat writes:
When you elect a cartoon character as President, you don't get much respect. Trump really scares me. I fear he could possible damage our nations standing in the world and isolate us from them. 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.
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caffeine Member (Idle past 1052 days) Posts: 1800 From: Prague, Czech Republic Joined: |
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.
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jar Member (Idle past 421 days) Posts: 34026 From: Texas!! Joined: |
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.
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caffeine Member (Idle past 1052 days) Posts: 1800 From: Prague, Czech Republic Joined: |
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.
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crashfrog Member (Idle past 1494 days) Posts: 19762 From: Silver Spring, MD Joined:
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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.
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