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| Coming Currency Collapse by Jerome F. Smith (Paperback - Sep 1981) Used & new from $0.01 |
(13 customer reviews) 9 used & new available from $1.00 |
Posted on 12/11/2006 7:10:05 PM PST by GodGunsGuts
Post #17, 23, 25, 30, was what I would like to discuss. I don't log on to FR to talk about appliances if I can help it.
the discussion went this route because you asked why europe didn't seem to have the voracious appetite for cheap asian goods that US consumers have. that after all, is why they don't have a huge trade deficit with them.
Go away, Alan. Go play clarinet or re-read Ayn Rand or something.
its a pretty simple equation that europe doesn't have a huge trade deficit with china - because they don't have a huge appetite for chinese products. america obviously does.
you assign your own reasons as to why that is true, if you don't like mine.
And in the meantime, I will point out that gold is going to the moon, the USD will continue to crater because of our massive deficits, the housing bubble exists and is deflating, and that the economy is headed for a major recession (and how to profit from all of the above).
I already did in post #30. Europe is digging an inescapable hole.
they are protecting some of their key industries from the onslaught of cheap asian products. the US didn't. we'll see how it turns out. on the current path - the US will be left with mostly a service economy (and government, and government related services like health care, education, etc). the US grows its economy by growing two things - population, and services.
Besides possible inflatoin, so what if the dollar goes lower? Is this a bad thing?
Yes, we've seen your market predictions (guarantees) before. We'll see how they work out. Just try not to post so many factual errors. Try not to be so sensitive when I point them out.
Why do goldbugs insist on valuing gold in some currency or another? Why not in pounds of tuna or board feet?
yitbos
"Those pieces of paper, which should really be gold, are a token of honor - your claim upon the energy of the men who produce."
--Ayn Rand
"The Only Substitute for Gold Money is the Muzzle of the Gun"
--Ayn Rand
"Whenever destroyers appear among men, they start by destroying gold money, for it is man's protection, and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold is an objective value, an equivalent of wealth produced. Paper money is mortgage on wealth that does not exist, backed by guns aimed at those who are expected to produce."
--Ayn Rand
Feel free to play the accountant and point out clerical, terminology or computational errors wherever you find them. On balance, I have found that your input only serves to strengthen my arguments anyway.
yup
What is he printing today ?
Anyhow Helicopter Bernanke is no better.
Customers who bought the items in your shopping cart also bought:
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| Coming Currency Collapse by Jerome F. Smith (Paperback - Sep 1981) Used & new from $0.01 |
(13 customer reviews) 9 used & new available from $1.00 |
Expat has a nice chart showing gold priced in gallons of milk. He's not a goldbug.
When you use accounting terms like balance of payment and then claim that the balance is really a deficit, I'll point out your error. When you double count the trade deficit, I'll point out your error.
On balance, I have found that your input only serves to strengthen my arguments anyway.
Only if your argument is that your info is inaccurate.
gold priced in gallons of milk.Thanks for reminding me --it was time to update with the latest milk prices.
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