andrew_not_the_saint
Forum Replies Created
-
Posts
-
TheTrivium4TW post=3087 wrote:
So, they run the system that they feel will maximize their return (control, wealth) while not being so obvious as to wake up too many of the sheeple.
If near term hyperinflation met their goals, they’d do it, system be d*mned. They’d just change the system – they control it after all. They finance almost everyone in “government.” They run the bureaucracy and their military industrial complex listens in on every Congresscritters phone calls and they know their web and other habits, if you know what I mean.
The near term hyperinflationists are simply under some kind of delusion that government is sovereign in practice and will put the banksters in their place to defend their jobs.
That idea is absurd based on my research and ongoing observations.
The folks buying physical gold are right in that they have a tangible asset they can carry around and can’t easily be zeroed out by the criminals running the show.
The idea that gold will be driven up by demand as everyone is impoverished and 50% of credit evaporates doesn’t gel with me, so I wait. I’m more focused on getting the message out and trying to get more control of the necessities of life (a winner no matter what happens).
Those asking for a gold standard without a wholesale change in WHO is running the system are asking for their own slave master.
A reasonable monetary system is theoretically possible, but it will NEVER happen with a “box of rocks” prole mentality regarding “finance.” Even its name taunts us of slavery.
It would include 1) a debt free national monetary system with cheap components, 2) a statutory limit on expansion of the monetary supply relative to population and one hell of a line to cross that limit, 3) and educated and active populace and 4) utter disdain for anything big and a yearning desire to support local small businesses.
That would be grand, but I can’t argue with people who say, given the level of general ignorance and apathy in the population, that this will never happen.
Agree with pretty much everything that you said: the tides of XX-flation are in the hands of our owners. However, do note that hyper-inflation is still an unlikely but possible game plan – only if TPTB can manage to give themselves (and of course only themselves) huge loans before the tsunami hits, which they’d use to buy RE and equities and which would be effectively wiped out afterwards. The big problem for them would be how to come out looking clean, as it’d be pretty obvious that something dodgy happened… which maybe they could spin as “there were very few people willing to borrow at the time”.
BTW, I posted a thought experiment on this topic a while ago on a finance forum: https://www.talkfinance.net/f36/yet-another-inflation-vs-deflation-debate-politics-5548/
Ash
F-theory doesn’t deserve that much press. I used to read him for a while, roughly during the 2009-2010 period. His writings on gold were always hard to digest and bloated, and in the end, I just find most of it to be just “ideas” without empirical evidence backing it up.
The one article, which I still very much like to revisit is more to do with debt, and BTW you must have read it as you posted one of the graphs from it: https://fofoa.blogspot.co.nz/2010/06/its-debt-stupid.html
IMHO, this is the crux of any economic policy. Knowing that debt can be both productive and destructive, i.e. it can lead to both real growth or fictional growth, what kind of regulations should be enforced for Consumer Debt and Corporate (i.e. investment) Debt, two very different animals.
My view is that most kinds of consumer debt in the current form are pretty evil and that in a “hard-ish” currency world should NEVER be enforced by the government. I.e. if you take out a loan you’ll be never legally required to pay it back (but of course your credit rating could suffer). I’m also thinking that real-estate finance could be based on equity rather than debt – the bank could have a stake in your house, thus making it suffer more when things go sour.
Corporate debt, on the other hand, is different as it’s supposed to be productive (unless it’s speculative of course). Even there, I feel that equity-based investment could work better than monetary debt in many situations, as it would require the lender to have more skin in the game. Nonetheless, I can definitely see why business would need easy ways to raise money (equity does seem a lot more complicated), and the downsides of company bankruptcies are not as bad as the downsides of personal ones.
And of course, fractional/fictional reserve banking in the current form should be abolished too. Private entities creating government-backed money is a ridiculous privilege, nothing more than a parasitic rent.
The United States of Europe / centralized budget is (fortunately) never going to fly in practice. Even if the people of Europe were somehow to renounce their nationalistic streaks there’s a huge practical problem to unification – immobility. Due to language barriers, the number of people who are willing and able to migrate between EU countries is a fraction compared to the US (intra-state).
