Tacopacalypse

[Cornfed]

Isnt deflation a good thing? Doesnt it mean lower prices?

It should be a good thing, but in a debt based monetary system where money is only created as debt, it means that lots of people can't possibly pay off their debts and there is not enough money in circulation to facilitate the transactions that the market wants. This is what happened in the 1890s and 1930s. Of course in the short term it is good for those of us who have money saved.

[Shemp]

Isnt deflation a good thing? Doesnt it mean lower prices?

It should be a good thing, ...

It's always a bad thing for society as a whole, same as undertaxing land ownership is bad for society as a whole (at least where there is growth in population). In both cases, existing owners (idle rich) benefit at the expense of those who work. Existing owners of cash get paid a positive return even without putting their money to work by investing in factories, etc. Existing owners of land get a positive return even without working the land, since demand for land rises if there is growing population.

Stupid little people can only think "gee it would be nice to have lower prices" without reflecting that deflation creates poverty for the masses. Classic example is the underfed British masses of the 19th century, squatted upon by an idle land and cash rich aristocracy. There are actually much worse examples, since Britain as a whole was feasting on the starving masses of the Empire, and the British masses were comparatively better off. Low prices under deflation typically imply even lower wages.

[Cornfed]

Isnt deflation a good thing? Doesnt it mean lower prices?

It should be a good thing, ...

It's always a bad thing for society as a whole, same as undertaxing land ownership is bad for society as a whole (at least where there is growth in population). In both cases, existing owners (idle rich) benefit at the expense of those who work. Existing owners of cash get paid a positive return even without putting their money to work by investing in factories, etc. Existing owners of land get a positive return even without working the land, since demand for land rises if there is growing population.

Stupid little people can only think "gee it would be nice to have lower prices" without reflecting that deflation creates poverty for the masses. Classic example is the underfed British masses of the 19th century, squatted upon by an idle land and cash rich aristocracy. There are actually much worse examples, since Britain as a whole was feasting on the starving masses of the Empire, and the British masses were comparatively better off. Low prices under deflation typically imply even lower wages.

I think we basically agree.

[Taco]

Survey Finds 50 Million Americans Have Lost Their Job In Past 6 Weeks
https://www.zerohedge.com/markets/surve ... st-6-weeks

Millions Of Of Pigs, Chickens And Cattle Are Being Euthanized While The Media Warns “Shortages” Are Coming
http://theeconomiccollapseblog.com/arch ... are-coming

Well, that's enough bad news for one day.

This song will cheer you up...

[Moretorque]

Isnt deflation a good thing? Doesnt it mean lower prices?

It should be a good thing, ...

It's always a bad thing for society as a whole, same as undertaxing land ownership is bad for society as a whole (at least where there is growth in population). In both cases, existing owners (idle rich) benefit at the expense of those who work. Existing owners of cash get paid a positive return even without putting their money to work by investing in factories, etc. Existing owners of land get a positive return even without working the land, since demand for land rises if there is growing population.

Stupid little people can only think "gee it would be nice to have lower prices" without reflecting that deflation creates poverty for the masses. Classic example is the underfed British masses of the 19th century, squatted upon by an idle land and cash rich aristocracy. There are actually much worse examples, since Britain as a whole was feasting on the starving masses of the Empire, and the British masses were comparatively better off. Low prices under deflation typically imply even lower wages.

This is wrong, you need a stable money supply before you can evaluate anything else correctly. Peter Schiff is right about deflation IMO, the current blow bubbles eveywhere with inflation has destroyed all economies and it was done on purpose. Go read a Mathematically Perfected Economy on how to run a stable economy and use money as a servant of society rather than a way to subjgate as the current system is being used with asset inflation un-checked... I understand people want to earn interest on their capital but just say'in.

Total socialist here, more big GOV and that is how we got here.... Of course a honest money system is for those who can think and there aren't many of them these days...

[Shemp]

you need a stable money supply before you can evaluate anything else correctly.

Speak for yourself, smart people can figure out values even when value of money itself is fluctuating.

Bull market in progress, BTW. Sold my silver at slight profit because I just don't feel comfortable owning commodities, I realized. Russian stocks are a big bet on oil, and that's better inflation protection than owning metals themselves. So now at 73% stocks, 27% cash. It's always fun to be 100% cash during a bull market, but I'm risk-averse at current prices. Maybe if there's another big dip.

[Moretorque]

you need a stable money supply before you can evaluate anything else correctly.

Speak for yourself, smart people can figure out values even when value of money itself is fluctuating.

Bull market in progress, BTW. Sold my silver at slight profit because I just don't feel comfortable owning commodities, I realized. Russian stocks are a big bet on oil, and that's better inflation protection than owning metals themselves. So now at 73% stocks, 27% cash. It's always fun to be 100% cash during a bull market, but I'm risk-averse at current prices. Maybe if there's another big dip.

I am talking about the real economy the producers live in, not the rigged casino you are profiting from from legalized counterfeiting.


Go listen to Gordon T Longs latest video put out on all this.

[Taco]

As some point your going to stop trading and start running...

565 Americans Have Lost Their Job For Every Covid-19 Death
https://www.blacklistednews.com/article ... n-the.html

Supply Chain Breakdown
https://modernsurvivalblog.com/current- ... ream-soon/

[StanfordGuy]

Open Talk with Big Herc - Prison Talk Live Stream. Discussing the Corona lockdown



I think PAG should skype this guy and be featured on his podcast

Maybe I'll give him a call

[StanfordGuy]

Isnt deflation a good thing? Doesnt it mean lower prices?

It should be a good thing, ...

It's always a bad thing for society as a whole, same as undertaxing land ownership is bad for society as a whole (at least where there is growth in population). In both cases, existing owners (idle rich) benefit at the expense of those who work. Existing owners of cash get paid a positive return even without putting their money to work by investing in factories, etc. Existing owners of land get a positive return even without working the land, since demand for land rises if there is growing population.

Stupid little people can only think "gee it would be nice to have lower prices" without reflecting that deflation creates poverty for the masses. Classic example is the underfed British masses of the 19th century, squatted upon by an idle land and cash rich aristocracy. There are actually much worse examples, since Britain as a whole was feasting on the starving masses of the Empire, and the British masses were comparatively better off. Low prices under deflation typically imply even lower wages.

This is wrong, you need a stable money supply before you can evaluate anything else correctly. Peter Schiff is right about deflation IMO, the current blow bubbles eveywhere with inflation has destroyed all economies and it was done on purpose. Go read a Mathematically Perfected Economy on how to run a stable economy and use money as a servant of society rather than a way to subjgate as the current system is being used with asset inflation un-checked... I understand people want to earn interest on their capital but just say'in.

Total socialist here, more big GOV and that is how we got here.... Of course a honest money system is for those who can think and there aren't many of them these days...

Blah, you people don't have any real soltions. https://culturewhiz.org/forum/topic/we- ... nate-banks

[Shemp]

Bears back in control. Heading for a retest of the March lows. Once we get there, expect the Fed to announce unlimited support for 30 year 0% fixed rate mortgage refinancing to teach those bears a lesson. So glad I dumped my silver earlier this week.

[Light]

Bears back in control. Heading for a retest of the March lows. Once we get there, expect the Fed to announce unlimited support for 30 year 0% fixed rate mortgage refinancing to teach those bears a lesson. So glad I dumped my silver earlier this week.

Then do you expect gold to perform well because it is a given that the Fed, ECB, BoE, and BoJ need to continue to create more money. It will could cause inflation, stagflation, or hyperinflation or all of them at different times in the future. I don't see how gold doesn't do well in the future.

I lost a lot of faith in silver because it hasn't performed well so I favor gold now as a store of wealth. I think silver might do well someday and resemble something like palladium's performance the last few years but I think gold is better for savings because almost everyone in the world wants gold and it is more stable and less volatile. Many governments with a VAT exempt most investment gold but do not exempt investment silver.

[Shemp]

Bulls getting the upper hand again. For those of you lacking an economics background (or even worse, made stupid by reading junk economics theory) and confused as to what is going on, time to review the Kalecki equation. Of course, the Kalecki equation controls profits, not prices investors willing to pay for profits, so no guarantee market will continue climbing the wall of worry. If it does, I'll derisk some more.

[Moretorque]

Bulls getting the upper hand again. For those of you lacking an economics background (or even worse, made stupid by reading junk economics theory) and confused as to what is going on, time to review the Kalecki equation. Of course, the Kalecki equation controls profits, not prices investors willing to pay for profits, so no guarantee market will continue climbing the wall of worry. If it does, I'll derisk some more.

I am not claiming to know anything but I do read what the central banks have done world wide for last couple centuries and the marketsworld wide are rigged casinos.

[Taco]

Three things you probably didn't know...


1. The $2.5 trillion they printed since March is more money than they printed in the first 95 years of the Federal Reserve’s existence.

2. "In case someone still hasn't figured it out, the Fed is desperate to crash the dollar because the longer it remains elevated (as a result of the infamous $12 trillion dollar margin call), the more likely it is that the coming global emerging markets collapse will crush the US as not even the Fed will have power to deflect that particular meteor."

3. Hyperinflation coming to a city near you


The most important article you'll ever read...

Beijing May Dump US Treasuries($1.1 Trillion) In Response To US Hostility
https://www.zerohedge.com/markets/beiji ... nese-media


Taxes are collapsing as the economy grinds to a halt... and millions of Americans lose their jobs (ADP reports companies laid off 20 MILLION people in April alone).

So where is the money going to come from to finance all of this insanity?

The IMF is calling for nations around the world to introduce a wealth tax of 10% on NET WEALTH as soon as possible.

https://www.businessinsider.com/governm ... der-2020-4