Politics

[sgt_zim]

WRONG - Gold and Silver are commodities, just like oil, tobacco and beads.

Ray, that's a floating abstraction, and I'm quite sure you're aware of it.

The supply of gold (and less so silver) are more nearly static, which is what makes them most useful as money. The supply of oil, tobacco, and beads are volatile, which makes them a bad choice for money. Paper supply is as volatile as anything else, which is what makes it not money, but currency.

And you didn't answer my question. Who exactly are we to trust with ensuring that the supply of paper keeps whatever ratio it's supposed to have with GDP? Because it is quite clear there really haven't been any politicians for the last 87 years, at least no presidents, who can be trusted with it, and certainly none of the FR governors. Where are you going to find these angels who are sharp enough and have enough integrity to do what you, Friedman, and Keynes thinks is the right thing to do?

 

[Hogpatrol]

U.S. debt to GDP, relative is 108%, Japan is over 200%. I firmly believe we're headed to that same point.

 

[wesheltonj]

U.S. debt to GDP, relative is 108%, Japan is over 200%. I firmly believe we're headed to that same point.

We the USA are in great shape, as long as we remain the world's reserve currency. If or when that ends, then we are in deep trouble, until then enjoy.

 

[Ray B]

The supply of gold (and less so silver) are more nearly static,

A monetary unit that has a static supply works if the economy is also static. Some may have noticed that the US economy grows. If a growing economy is tied to a static monetary unit, the result will be deflation.

 

[Pheroze]

The only items of true value, regardless of the civilization or millennium, are one's labor and beer. The rest is a construct.

https://www.sciencealert.com/this-5...ient-mesopotamians-were-paid-for-work-in-beer

 

[Royal27]

The only items of true value, regardless of the civilization or millennium, are one's labor and beer. The rest is a construct.

https://www.sciencealert.com/this-5...ient-mesopotamians-were-paid-for-work-in-beer

@spike.t , @siml , and @gizmo will agree on the beer part at least.

 

[Ray B]

The only items of true value, regardless of the civilization or millennium, are one's labor and beer. The rest is a construct.

https://www.sciencealert.com/this-5...ient-mesopotamians-were-paid-for-work-in-beer

BEER is Dear, WINE is Fine, but LIQUOR is Quicker!!

 

[spike.t]

@spike.t , @siml , and @gizmo will agree on the beer part at least.

Mmm..... Now I wonder how many 18 wheelers loaded with beer it would take to pay @Royal27 bill for a blue duiker hunt....as who knows how many months it would take........

 

[jeanes]

Mmm..... Now I wonder how many 18 wheelers loaded with beer it would take to pay @Royal27 bill for a blue duiker hunt....as who knows how many months it would take........

"Watch old Bandit run"

 

[Mort Hill]

I love good banter from folks I can relate to. Keep em coming. Happy 4th, or with deflation, 3.5!

 

[Wheels]

Billionaire Jeffrey Epstein arrested and charged with sex trafficking

https://www.foxnews.com/us/billionaire-jeffrey-epstein-arrested-and-charged-with-sex-trafficking


Bill Clinton just soiled himself. As did some Republicans and a bunch of Democrats.

By the time this wraps up, a lot of important people will be indicted.

 

[Deleted member 43267]

I think that the thing that irritates me the most about the climate change debate has been the lack of openness to a healthy challenge process or a true desire to seek the truth. It seems that proponents attempt only to prove their theory, never to disprove it, and anyone who wants to challenge their theories is demonized, shouted down or mocked. This is not scientific rigor, this is a bully pulpit. The scientific community has advanced for centuries on a set of collegial practices that allow for an open exchange of ideas and a healthy challenge process. This has all been thrown out the window with the advancement of climate change theories. Jeff, I’m sorry, but your note is a great example. If I don’t agree with you I’m labeled an idiot, not listened to to see if I may have a alternate view of merit. I have no time for this type of behavior or discussion, regardless of the validity of your theory, or lack thereof, this is bad scientific practice.

Show me your data.

Thanks,

Jeff

 

[Royal27]

Billionaire Jeffrey Epstein arrested and charged with sex trafficking

https://www.foxnews.com/us/billionaire-jeffrey-epstein-arrested-and-charged-with-sex-trafficking


Bill Clinton just soiled himself. As did some Republicans and a bunch of Democrats.

By the time this wraps up, a lot of important people will be indicted.

It seems Pelosi's daughter agrees with you.

https://theconservativetreehouse.co...dicts-high-profile-faves-could-be-implicated/

 

[sgt_zim]

A monetary unit that has a static supply works if the economy is also static. Some may have noticed that the US economy grows. If a growing economy is tied to a static monetary unit, the result will be deflation.

Except for the pesky little fact that the US economy grew in the late 19th and early 20th centuries during a "deflation."

"Deflation" is a contraction in the supply of money, not falling prices. It is easy to conflate the two ideas, as within currency economies, they usually go hand-in-hand.

It is the natural course of competitive free markets for prices to fall over time as efficiencies are realized in both production and distribution. That is *not* deflation.

 

[Wheels]

It seems Pelosi's daughter agrees with you.

https://theconservativetreehouse.co...dicts-high-profile-faves-could-be-implicated/

That is a telling comment by her. Makes you wonder who her "faves" are? The next 5.5 years is going to be so much fun.

 

[sgt_zim]

Show me your data.

Thanks,

Jeff

We don't need "data," we only need to demonstrate the error of the conclusions of the "climate change" crowd. I don't need a better theory to demonstrate the error of any other theory. I only need to demonstrate that the primaries are in error, or an error in logic. In the case of the climate change crowd, as I pointed out pages ago, they've lied. Not just a little bit, and not about insignificant things.

The deceit is available for download here: https://wikileaks.org/wiki/Climatic_Research_Unit_emails,_data,_models,_1996-2009

 

[Ray B]

I see sergeant, so you're not a monetary theorist, that leaves being a proponent of fiscal policy- just what the world needs is one more of those.

 

[sgt_zim]

Twice I've asked, and twice I've been ignored...what angels do we trust with this power? The founders of this republic warned against this.

Why do you suppose *this* particular batch of Platonic philosopher kings are going to get it right when not a single one, or group of them, has got it right in all of the world's history? Worse, not only have they not gotten it right, every single one of them has fleeced their "sheep" for their own benefit.

When the USD takes a shit, as it inevitably will because of this, as all currencies in world history have done (no exceptions, not a single one), you will likely be dead. I will not be.

"Monetary theorists" will bring us to penury. I need that like I need a hole in the head.

 

[Ray B]

you will likely be dead. I will not be.

Be careful with what you have taken for granted. TOMORROW IS PROMISED TO NO ONE.

 

[Wheels]

CNN thinks the meeting between Prince Charles and Trump will be about Climate Change.

https://www.cnn.com/2019/05/20/uk/prince-charles-meeting-trump-uk-state-visit-gbr-intl/index.html

Others think it has something to do with keeping secret the UK's involvement in spying on an American presidential candidate, then being a lead force in trying to get him impeached. Or, apologizing for the UK's involvement in spygate, while May is a lame duck.

But as we peal back the onion, could there be a third, or real reason to the meeting?

America is reviewing the plea deals in the Jeffery Epstein case. Will the case reopen and will more information come out. Prince Andrew was implicated with pedophilia and nothing happened. Now girls that were under-aged and sexually abused have become adults and gotten the cases to be re looked at. Could Charles be pleading for his little brother and the monarchy?

Climate Change may be the premise for the meeting. But will it be the context of the meeting? Inquiring minds.........

https://www.rt.com/uk/445451-jeffrey-epstein-prince-andrew/

Prince Andrew with one of Epstein's underage consorts. If Prince Charles met with Trump about Andrew and his little Epstein problem, then it may not have worked.



Pressure grows on Duke of York as Vince Cable says 'conversations will take place' about his future role
The Duke of York is facing new pressure to resign over his association with a convicted paedophile, after ministers admitted that there would be "conversations" about his future role.

Image 1 of 2
The Duke of York is pictured with Virginia Roberts, then aged 17, who is at the centre of an under-age sex case which has scandalised America and involves one of the Duke's friends Photo: SOLO


https://www.telegraph.co.uk/news/uk...ns-will-take-place-about-his-future-role.html