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Old 09-13-14, 04:28 PM   #1
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LINK - The Fed has a surprise for you

LINK - Oil price plunge? Its the global economy, stupid!

The solution? Inflate money by letting the money printers print new money faster! Inflation means devaluing of the dollar, a devaluing of the dollar works counter-effect against falling oil prices.

Now what would Austrian economists say to this - ah, no, don't get me started, they described it already half a century ago, and before... The world chosed party-oracle Keynes instead, so let Keynes' fairy tale party complete the funeral of the economy.
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Old 09-13-14, 05:20 PM   #2
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Fiscally speaking : are we in the rapture or the tribulation? What is Fraqqin' going on? My financial advisers have deserted me completely and I don't trust anything with "IN GOD WE TRUST" written on it!
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Old 09-14-14, 06:45 AM   #3
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Print more money and make good the shortfall on the rising price of timber.
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Old 09-14-14, 07:15 AM   #4
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Quote:
Originally Posted by Aktungbby View Post
Fiscally speaking : are we in the rapture or the tribulation? What is Fraqqin' going on? My financial advisers have deserted me completely and I don't trust anything with "IN GOD WE TRUST" written on it!
Distrust anything that one can print ink on.

People really should learn to understand again the difference between credit money, and commodity money.

Also it would be essential to learn again the difference between investing based on uncovered credit, and investing what before has been saved in true value/commodity. The latter works well, but forms lasting increase of values in a slower fashion. The first seems to go fast, but only builds illusions that necessarily must collapse.

There is no money worth the name that can be created out of nothing.

Any boom necessarily gets followed by a bust.

No matter how poor somebody is, credits will not get him out of it. He needs to save a little bit - and once having saved a bit then he needs invest that.

You cannot consume yourself out of debts. Not personally, and not national-economically. Claiming that that is possible is probably the most destructive part of Keynes' big fairy tale. No matter whether the negative consequences are quick or take a while to form up: they always come - sooner or later.
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Old 09-14-14, 07:24 AM   #5
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How is that currency tied to gold working for you?
https://www.bullionvault.com/gold-price-chart.do
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Old 09-14-14, 08:25 AM   #6
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^That may well drop further if the Scottish Yes vote wins.
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