Posted on 02/24/2009 6:39:35 PM PST by dollarbull
The American economy has gone away. It is not coming back until free trade myths are buried 6 feet under.
(Excerpt) Read more at gata.org ...
PCR is off his meds again.
Question: Free Market vs Free Trade... what’s the difference?
His exposition makes a lot of sense to me. Please explain where/how he’s wrong?
Gold may have made a major top last Friday. It just might revisit the $600s soon. But eventually, the POG will be in the thousands, or even the tens of thousands of dollars. The question is when? As Lord Keynes famously said, “The markets can remain irrational far longer than you can remain solvent.”
Possible, but how much of the metal can you really get if it does? Also it was options experation today which means the usual take down to push in the money options back out.
For the last ten years or so PCR has been touting this crazy theory that commodities don't obey the law of comparative advantage. This he uses as a basis for arguing that we should end free trade. The guy is just nuts. Free trade is our only hope. And the division of labor has no natural borders.
True enough, greed knows no bounds .... So how you like the new Democrat House - Senate and Presidency?
I am talking about the $600 level alluded to in sorcerys post. When we had the last smack down starting in July of 2008 we saw some long delays in getting gold and especially silver depending on what it was you wanted to buy, who the supplier was, and quantity. The US Mint early on in the year originally announced the suspension of silver eagles, which later went to allocation. We saw a similar thing with gold eagles as well. They still are not producing anything less than one ounce at the moment. Hence my question of how much metal can you get if it does. Sorry I didn’t make it clear.
Second, if gold is going high pour digit prices, selling is probably not what youre doing to with it. Hyperinflation will be the real problem, and assuming that there is some stability then you may be able to use gold as money in those circumstances. If things get really out of hand, then gold will simply be a preservation of wealth earned for some time down the road where their is stability most likely your kids or grand kids. Hyperinflationary depressions are a totally different beast compared to deflationary depressions. French Revolution, Argentina, Soviet Union, etc. At which point, you better have a lot of lead with copper cladding.
Are you just free associating or is there a point you'd like to make?
This makes no sense, borders are man made things to PROTECT the population, nothing natural about them.
Free Trade, like Marxism looks great in theory, but in actual application? The winner gains little, but the losers suffer far more. AS I predicted, McCain would lose this election because folks are worried about their future, and this fool rubs it in with 'those jobs aren't coming back' comment...
They see Wal Mart - Lowe's, every big box store carry more and more Chicom junk and know their job will be next to be off shored.
We all laugh at 0's hope-hangy thing, but look who's pushing his agenda? With a supportive Congress.
All of which I blame on the short sighted Free Trade crowd.
OK, gotcha. I agree
Only Marxists and people whose understanding of Marxism is limited to cliches believe that it looks good in theory. Free trade however is both theoretically sound and empirically proven. It works every time it's tried. Look at all the benefit you've gotten during the last decade from cheap goods from China. Would you rather have paid more?
With a good sluice box and pan, gold is free. You just gotta’ know where to get it, and put in a little hard work.
Bump for later.
So here we are with a Marxist-Socialist in the highest office in the land - and he also dropped the 'Buy American' proposal in the bogus stimulus package.
Of course he would - who benefits from our openness to trade? Give you a hint. China.
And yes, I do pay more for American made goods - the Dollar is not my God. You know Spain used to be a first rate world power? But they decided they were too good to manufacture their own stuff and lived off the gold and silver of the New World.
Just as we are living off the supposed soundness of the Dollar.
And now we see China as the coming super power, thanks to the Free Trade crowd.
And by now you've heard of the 'Rust Belt? We saw North Carolina go into the Demo column, used to be a stanch conservative state but with the factories shutting down, may as well go for the free pork being passed out by 0. "Empirically Proven" ? Just look at who controls Congress and who is sitting in the White House.
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