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Re: Economic Collapse [Re: Chancey] #7627964
07/16/22 11:18 AM
07/16/22 11:18 AM
Joined: Mar 2007
Posts: 35,129
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,129
McGrath, AK
Shame on you !


Mean As Nails
Re: Economic Collapse [Re: Chancey] #7627972
07/16/22 11:37 AM
07/16/22 11:37 AM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
Steve, Alan Greenspan was a gold standard guy in the 60's. As FED chairman he just delt with the fiat currency he was handed by the people's representatives. The FED IMHO just tends to try to clean up the messes made by government policy. Sometimes they lose focus on the dual mandate and try to manipulate the economy and the markets. IMHO

"Alan Greenspan holds unparalleled power, despite a history of idealism that started with his worship of Ayn Rand" smile

"During the 1950s and 1960s Greenspan was a proponent of Objectivism, writing articles for Objectivist newsletters and contributing several essays for Rand's 1966 book Capitalism: The Unknown Ideal including an essay supporting the gold standard."


Last edited by Dirt; 07/16/22 11:59 AM.

Who is John Galt?
Re: Economic Collapse [Re: Chancey] #7627981
07/16/22 11:44 AM
07/16/22 11:44 AM
Joined: Aug 2012
Posts: 3,972
South Dakota
R
Rat Masterson Offline
trapper
Rat Masterson  Offline
trapper
R

Joined: Aug 2012
Posts: 3,972
South Dakota
The Fed should have been raising rates when Trump was in, should be at 10% now, but that won't happen. Inflation will be with us for the time being, or people truly run out of money.

Re: Economic Collapse [Re: jbyrd63] #7627985
07/16/22 11:52 AM
07/16/22 11:52 AM
Joined: Aug 2021
Posts: 1,473
Over there.
F
Flicker Shad Offline
trapper
Flicker Shad  Offline
trapper
F

Joined: Aug 2021
Posts: 1,473
Over there.
Originally Posted by jbyrd63
When 49er comments please don’t mention Bitcoin. He still thinks is going to top 100,000

Please stick to sec topics. Thanks

Re: Economic Collapse [Re: Rat Masterson] #7628066
07/16/22 01:29 PM
07/16/22 01:29 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Originally Posted by Rat Masterson
The Fed should have been raising rates when Trump was in, should be at 10% now, but that won't happen. Inflation will be with us for the time being, or people truly run out of money.


They did raise rates when he was in office. Trump blew a cork and felt they should even implement negative rates.

Dirt I'm well aware of Greenspan's history. I don't believe it was the will of the common man that caused him to diverge from his previous writings.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Economic Collapse [Re: Steven 49er] #7628171
07/16/22 04:17 PM
07/16/22 04:17 PM
Joined: Apr 2012
Posts: 2,893
new york
M
mike mason Offline
trapper
mike mason  Offline
trapper
M

Joined: Apr 2012
Posts: 2,893
new york
Business report today said, a household lost $6,800 in real wages since cabbage head took office! That is some real money. I don't know who is slinging the bs but there is no 6-8% inflation, everything I purchase for my business is double or more.

Re: Economic Collapse [Re: Chancey] #7628186
07/16/22 04:36 PM
07/16/22 04:36 PM
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
Give it a bit of time.
Its amazing how people adjust to new higher prices.
I'm old enough to have seen it a couple times.
The prices you were paying for stuff even 5 years ago was considered extremely high and worse than what is going on now,compared to earlier on.
People tend to moan and whine for a while then just accept it.

Last edited by Boco; 07/16/22 04:36 PM.

Forget that fear of gravity-get a little savagery in your life.
Re: Economic Collapse [Re: Chancey] #7628192
07/16/22 04:46 PM
07/16/22 04:46 PM
Joined: May 2011
Posts: 16,512
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 16,512
Oakland, MS
Like they are in Sri Lanka?


~~Proud Ultra MAGA~~
Re: Economic Collapse [Re: Chancey] #7628209
07/16/22 04:57 PM
07/16/22 04:57 PM
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
A bit different in Sri Lanka-they defaulted and went bankrupt.
There are several countries right now that will default soon-Lebanon,Russia,Surinam and Zambia, 10 more countries with large debt service payments coming due to the world bank that they cannot pay that will follow soon afterward.

It is about to get real interesting when countries fall like dominoes into bankruptcy and the resulting chaos that goes with that when there is no more food fuel and other goods to be had.

Last edited by Boco; 07/16/22 04:59 PM.

Forget that fear of gravity-get a little savagery in your life.
Re: Economic Collapse [Re: Chancey] #7628218
07/16/22 05:09 PM
07/16/22 05:09 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Russia will be all right.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Economic Collapse [Re: Steven 49er] #7628241
07/16/22 05:52 PM
07/16/22 05:52 PM
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
They will default soon.No dollars.Tiny economy on par with Italy.

Last edited by Boco; 07/16/22 05:53 PM.

Forget that fear of gravity-get a little savagery in your life.
Re: Economic Collapse [Re: Steven 49er] #7628286
07/16/22 07:11 PM
07/16/22 07:11 PM
Joined: Dec 2010
Posts: 11,135
Armpit, ak
D
Dirt Offline
trapper
Dirt  Offline
trapper
D

Joined: Dec 2010
Posts: 11,135
Armpit, ak
Originally Posted by Steven 49er
Originally Posted by Rat Masterson
The Fed should have been raising rates when Trump was in, should be at 10% now, but that won't happen. Inflation will be with us for the time being, or people truly run out of money.


They did raise rates when he was in office. Trump blew a cork and felt they should even implement negative rates.

Dirt I'm well aware of Greenspan's history. I don't believe it was the will of the common man that caused him to diverge from his previous writings.


If you use the term" common man", it tells me about your thought processes. Greenspan did not diverge, he was appointed to a job and dealt with the new reality of no gold standard. I deal with bad policy all the time. He had no power to revert back to a gold standard.
"
Ron Paul: In the 1960s, I was studying and reading Austrian economics and I received the Objectivist newsletter that Ayn Rand put out. Alan Greenspan had a piece in the newsletter and it was a delightful article – it said all the things I believed in. One day, we had a personal meeting with Greenspan just to get our pictures taken and chat for a few minutes, and we knew that was coming up. So I dug out my original copy, and I took that with me, so when we were getting ready to get our picture, I flipped it open to his article and said, “Do you remember this?” and he said he did. Then I asked him to autograph it, so he got out his pen and he was signing it, and I said, “Do you want to write a disclaimer on this article?” He said, “No, I wouldn’t do that. I just read this recently and I fully support everything I wrote.” Which is interesting because you don’t know exactly what he means. If he fully supports what he wrote, why was he managing a monetary system that was exactly opposite of what he wrote in 1966?"

Last edited by Dirt; 07/16/22 07:36 PM.

Who is John Galt?
Re: Economic Collapse [Re: Boco] #7628317
07/16/22 08:21 PM
07/16/22 08:21 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
g
Originally Posted by Boco
They will default soon.No dollars.Tiny economy on par with Italy.


If they default it won't be from lack of capital, it will be from being locked out of the SWIFT system.

Dirt, I'm a fan of don't believe what someone says but their actions.

Last edited by Steven 49er; 07/16/22 08:29 PM.

"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Economic Collapse [Re: Chancey] #7628421
07/16/22 10:16 PM
07/16/22 10:16 PM

M
Mark June
Unregistered
Mark June
Unregistered
M



Steven 49er,
I ALWAYS enjoy reading your comments sir.
Thank you for your insight.

Similar to the Apostle Paul proclaiming to know nothing but Christ crucified,
I profess to know nothing but go team USA.
The national beacon of individual liberty, the likes of which there's never been.
I realize the kind of hatred that last sentence stirs in the hearts of evil.
So be it.
wink cool

Blessings Steven!
Mark

Re: Economic Collapse [Re: Chancey] #7628453
07/16/22 10:52 PM
07/16/22 10:52 PM
Joined: Mar 2014
Posts: 3,653
Central Texas
C
Chancey Offline OP
trapper
Chancey  Offline OP
trapper
C

Joined: Mar 2014
Posts: 3,653
Central Texas
Steven 49er lives his life by the Golden Rule,while spitting Truth at the same time. I’ve been here just long enough to see it. Discussions between he and White is what b”makes this place incredible. When they talk, I listen.


Resident Conspiracy Theorist
Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Re: Economic Collapse [Re: Chancey] #7628463
07/16/22 11:16 PM
07/16/22 11:16 PM
Joined: Mar 2014
Posts: 3,653
Central Texas
C
Chancey Offline OP
trapper
Chancey  Offline OP
trapper
C

Joined: Mar 2014
Posts: 3,653
Central Texas
Agree 100% Mark. I always learn something from the both of you.
Glad y’all are here. We need it.


Resident Conspiracy Theorist
Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Re: Economic Collapse [Re: Chancey] #7628476
07/16/22 11:42 PM
07/16/22 11:42 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Don't follow my lead, White is way more knowledgeable than I when it comes to the state of the financial markets.

I'm a contrarian, we typically underperform and frankly, I'm not motivated by wealth. It's the legacy we are leaving our progeny that concerns me.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Economic Collapse [Re: Steven 49er] #7628491
07/17/22 12:40 AM
07/17/22 12:40 AM
Joined: May 2011
Posts: 16,512
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 16,512
Oakland, MS
Originally Posted by Steven 49er
Don't follow my lead, White is way more knowledgeable than I when it comes to the state of the financial markets.

I'm a contrarian, we typically underperform and frankly, I'm not motivated by wealth. It's the legacy we are leaving our progeny that concerns me.


White is who's brain I pick about finances most often but I do still always enjoy your thoughts on them as well.


~~Proud Ultra MAGA~~
Re: Economic Collapse [Re: Chancey] #7628503
07/17/22 01:20 AM
07/17/22 01:20 AM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
Discussion is a good thing, without conversations with Ken I would be completely stuck in an echo chamber. That is a good way to get left on the outside looking in.

There is a pretty good thread on another trapping forum about the markets. More like a couple of guys who are traders more so than long term investing. That stuff is way over my head.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Economic Collapse [Re: Chancey] #7628551
07/17/22 06:50 AM
07/17/22 06:50 AM
Joined: Apr 2010
Posts: 3,912
Ohio
S
stinkypete Offline
trapper
stinkypete  Offline
trapper
S

Joined: Apr 2010
Posts: 3,912
Ohio
As long as we remain civil to each other that is what matters. It is ok to agree to disagree. Nothing wrong with that. I believe in America. We will get through this. I truly enjoy the insight from all. Thank you

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