Testing The Financial Apologists

Please don't just give us more of their sideshow spiel; rather please give us reasoned arguments and evidence that might actually support what they are marketing.

LOLToo funny.Phat, I was an optician and I made $400 a month salary.Gas was about a quarter a gallon.My rent was $90.00 a month and that included all utilities.Stop thinking in terms of one dimension.Minimum wage was about a dollar an hour.Yes inflation happens but so does wage increases.The problem is the willful ignorance of folk like you and a significant percentage of the US voting population; YOU elect and support people that fuck you. That's not their fault, it's YOUR fault.Stop believing the Snake Oil Salesmen and actually learn the basics.Edited by jar, : appalin spallin there ---> their

My mortgage is 743.00 a month.
Gas is under $3.00 a gallon.
I drive about 120 miles a month.Yawn.

You have no basic premise.Is inflation up? Depends on which periods you are comparing.Is the US economy doing well compared to other nations? Yes, super star well.

The SKY is falling! The SKY is falling!

Not sure 'dedollarize' is a real word but what possible difference would it make is there was no 'set' standard currency or if the standard was the Chinese Yuan or the Japanese Yen or the Russian Ruble or British Pound Sterling or any other currency except maybe the Solomon Island Rai Stones?

But what is the evidence?Each nation sets interest rates based on the decision of its own financial governing body. Buying other nations bonds is based on the relative return against relative risk, in other words the stability and risk factors. Those are not dependent on whether it is a global standard currency.Let's talk about buying cars and homes. Do people in other countries living under different currencies buy homes and cars? In fact, doesn't the US have a history of importing cars made in other countries? Doesn't the US have a history or limiting imports from many nations to protect us car makers and the employees?

What I do find of concern is the two fold issue of consumer prices increasing beyond inflation and the enormous profits recently.Yes, there have been issues in the supply chain and in resource availability but neither can explain why consumer prices rise faster than inflation.Greed can.

Phat, do you understand the basic and fundamental difference between Opinion and Fact?What you continue to present as facts are opinion pieces. They are NOT evidence of anything other than the FACT that that author claims to BELIEVE what he writes.

Phat (and the CCoI) have a misunderstanding, a very Basic misunderstanding, about how to learn and how to think.He looks for ways to support what he believes. This is the exact opposite of how things should be done. He needs to test what he believes by trying to falsify it.That is the difference between the scientific method and fantasy. In science the goal is to try to falsify what is being believed.Phat and I have had this discussion repeatedly over the last couple decades and his response is "Why should I try to destroy my beliefs?"

Phat has never been able to answer one simple question.Why are all the folk that are hawking gold willing to exchange their precious metal for his digital currency?

But what they are selling will continue to hold value while according to you what the get will continue to loose value.There are lots of ways to earn dollars, why trade a loser for a winner?

We tried Gold Dollars and can certainly return to Gold coins. The last ones minted had about a half ounce of gold and so set the price of gold as $2.00 an ounce.To keep coins transportable we can set the price around that level or make coins with almost no gold content and turn gold into another fiat currency.

Sometimes there is a difference between desire and reality.

Why was it inane? Do you know why FDR took that action? Do you know and understand the Federal Reserve Act passed back in 1913 and that that was an Act of Congress and signed into Law by Wilson? Do you know that in 1933 the US was still in a major depression? Do you know that the items (gold and silver) were paid for at the then going rate and not 'confiscated'? Do you know that a small amount of gold and silver was allowed continued to be owned by individuals?