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Zoltan! US Dollar Purchasing Power For Consumers Sinking Faster Than The Titanic As Zoltan Pozsar Suggests Bretton Woods III With Money Backed By Commodities
Confounded Interest ^
| 04/04/2022
| Anthony B. Sanders
Posted on 04/02/2022 12:16:52 PM PDT by Browns Ultra Fan
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To: agere_contra
Russian Oil (and the historic devaluation of Russian assets) might make people want to buy Rubles. But I think the purpose of this floor on the Gold price really is to support the price of Gold, How does a floor on gold help the ruble?
To: agere_contra
They have graphs showing CPIs to the 1990 and 1980 methods Yes, his fictional graphs are very funny.
To: agere_contra
In addition to standard monetary inflation there is also the impact of private issuance of credit.
The common use of credit cards means that a lot of “new money” can make it into the system if people choose to run up their personal debt.
Standard bank loans (or loans by any other entity for that matter) can increase the “money supply” as well.
If people pay down their credit cards or personal debt that reduces the “money supply”.
43
posted on
04/03/2022 3:01:33 PM PDT
by
cgbg
(A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
To: Toddsterpatriot
My dollar is still worth a dollar.
You sound like the sort of person who would wonder why a couple of zeros can't be removed from the price tags so "everything would be cheaper."
44
posted on
04/03/2022 3:37:22 PM PDT
by
citizen
(Thieves of private property pass their lives in chains; thieves of public prop. in riches and luxury)
To: citizen
Do you buy your gasoline with silver coins?
To: Toddsterpatriot
(answered in post 39. A floor in Gold is about supporting the price of Gold)
To: Toddsterpatriot
Do you buy your gasoline with silver coins? Remember Gresham's Law. No-one will spend silver while they can still spend fiat.
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