Is Silver really a "great" investment?
http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt
They are the only reason that silver ever got to that high of about $50. Those who promote buying silver are lying to "us". This makes me nervous because I have invested in silver and now realize that all the ratios and facts that silver promoters state to "us" are wrong. Silver would never have gotten to that price without manipulation.
Even the National Inflation Association (http://www.inflation.us ) has gotten me very nervous about my investment and future investment.
Watch this video:
The president of N.I.A. comes across very "badly". If you disagree after watching the clip(only about 4 min), I will explain my opinion further.
If you don't want to watch the video, forward to exactly 4 min in, and hear the exchange. The host brings "it" up, then the other commentator showed the utter height of the "president's" HYPOCRICY.
http://inflation.us/videos.html go down to
NIA President on Bloomberg discussing Lebron James
Why would someone who believes that the "end is near" and that future will be worse than the "great depression", feels comfortable paying tens of thousands of "dollars" a year for a leisure. Is that "young" man that rich? If so how? How could a "young" man, who believes in the future "desperation" that "they" predict, not buy silver instead.How can it be, that the "president" of an "association", cares so little for his "money" and his "time".
The reason... because he is a HYPOCRITE. He does not truly believe the collapse will happen. Those tens of thousands of dollars spent on leisure could have been spent on buying silver, gold, other commidities, and maybe even oil.
Even RP gets me nervous. I read that he only own 1.5 millions dollars in gold. I personally thought it would be alot, lot, more. He has known through his study of Austrian Economics, that the fiat system is doomed, and that is why he states he got involved. He has about 40 years or so to accumalate gold and over that whole time, he only accumalates gold worth 1.5 million. That does not make sense to me. With the income of a congressman and a doctor, he should have had enough extra income (esp. as RP has been described as frugal, or otherwise "smart") to buy up gold at unbelievably low prices, as compared to todays prices. 1.5 million... does not make sense to me, if RP truly believed what he states, he would have saved and invested much, much more than that.
I believe the answer to my questions is that
"Hope springs eternal in the human breast:
Man never Is, but always To be blest:" Alexander Pope
I would guess that the vast, vast majority of those "in the know" are hypocrites as well.
I am going to research more and make sure silver is a good investment. I believe it is, because I do not see a way out of the current economic and financial situation. But I definitely have doubts now about putting all "my eggs in one basket".
Always keep an open mind. Don't allow fear or any type of emotion to cloud your judgement. I do my best, but it is hard as a "human being". Don't let those emotions overwhelm your logic and reasoning. Expunge from your mind personal biases. The "task" can never be "completed" but you will do better towards preparing for your own future betterment. Care about yourself first before "everyone" else.
Don't "suffer" for the "others", because at the end of the day, only your "life" matters to you. You will be the one who "suffers". All those who you are trying to help, will care less about who sacrificed to stop the "collapse" from happening.
The real question is if the DP community really believes in the "collapse". If it is going to "collapse" sometime in the near future, why are Liberty believers wasting their resources on trying to "save" this "situation" that "we" are in.
Is it "all over" or is is "not all over". That is the question...




















Silver maybe not a good investment ,
but it real money. ??
Ron Paul Will Never Die
Reposting here again...so you don't think I'm not adhering to your queries...
People who use language like "F.U." are not people I care to have a conversation with. I've treated you like a human being and I disagree with your treatment of me as such by utilizing this type of tactic. Since I do have free will, this will be my last post to you. Naturally you will view this as me being a coward and accuse me of such nonsense.
I never said that inflation or hyperinflation will not happen. Read my reply to the inflation.us post again. http://dailypaul.com/node/139904#comment-1495859 I said that the folks at inflation.us "are wrong in their timing." So is Peter Schiff and Gary North in my opinion. This doesn't mean that I don't think inflation or hyperinflation will occur. Far from it (I think this is where you are confused, meaning we agree on it occurring, but you aren't clear on "when" it will occur. Well, neither are Schiff or North, so you're in good company).
The irony of your tactics in discussing things with me is you expect me to challenge Republicae to a debate and thus have me take the time to research all that Republicae has written to understand his point of view, and you expect Republicae to study all that I have written to understand my point of view, and you won't do any research yourself? And you haven't even read anything I have given you to read since the beginning of this conversation and asked me specific questions about what I have written you disagree with or don't understand?
And then you call me a "coward" and a "punk, bitch" by saying I won't debate him as if calling me that would leave me no other choice but to do so.
I asked if you knew anything about deflationary credit contraction in my last post and said if you didn't know anything about it, I would explain it to you. And you sit and call me names and attempt to challenge my intellect. People who use this type of tactic can't do their own thinking.
I challenge anyone to anything anytime, but will not tolerate those with high school debating skills that continually use the tactic of belittling the other side.
It is the truth I seek. Enlightenment. It's not about winning a debate. Gary North and Mish Shedlock have battled it out on this issue, over and over. They never said "F.U." to each other. Only time will tell who is right. One can't "prove" something that hasn't happened.
All they can do is suggest what course of action will occur and why. Keynesian have their view and Austrians have theirs. Among the Austrians, they too disagree.
I gave you the answer twice now. I gave you url's to seek the truth. You never replied to my posts on DP "as a favor to you" (http://www.dailypaul.com/node/139904#comment-1495789) on Japanese deflation and the similarities to the U.S.
So I'll explain things to you better since my past words have been unsatisfactory for you. But again, this is the last post and conversation I'll have with you (you can reply with more of the same tactics, I don't care).
I believe we are in a deflationary credit contraction that will dwarf the monetary stimulus as I mentioned already to you on July 17th here: http://dailypaul.com/node/139904#comment-1494159
But since that answer isn't good enough for you as I believe you don't understand what deflationary credit contraction is....
What happened to the trillions of stimulus we've had with the Obama administration and the various bailouts and spending programs that congress has passed? Have they shown any inflation in the numbers? No.
They have been eaten up by all of the credit that was generated in the inflationary expansion years...to the tune of trillions of dollars. People and businesses are paying down debt and defaults are increasing.
Falling prices are the result of deflation. Thus prices falling are a sign deflation is already here (except in government backed programs like with College tuition, medical care, etc). It's the same thing that occurred in the 1929-1933 era which saw durable good fall 60% in price and consumer goods less than that (people still need to eat and take care of the basics so consumer goods weren't hit as hard as durable goods).
Are prices falling today?
I challenged the inflation.us data here on Daily Paul back on June 22nd where I showed prices falling everywhere. No one replied.
http://www.dailypaul.com/node/132548#comment-1476049
Back then, consumer prices had dipped for 2 straight months. Now they have dipped for a 3rd straight month. Real estate is still declining and everything else I mentioned in that post.
The Japanese example shows a country can have government gone wild spending for an extended period of time. Their Debt to GDP ratios are at 227%, highest in the world...and yet they still have deflation and a Yen that has strengthened. The Nikkei has fallen 75% and the Dow only 40%. Land prices in Japan fell 66% and are at a 36 year low. Commercial property in the U.S. has fallen only 40% and of course home prices are declining at an even more rapid rate.
The U.S. is sitting at a Debt to GDP ratio of almost 60% at the end of 2009 and with the increase of spending this year, it is around 80% on its way to 100% I'm sure quickly. The monetary stimulus isn't working. But we have another 100% plus of stimulating to go to reach Japanese levels.
I covered all this in my blogtalkradio interview that I posted and you won't listen to.
Yes, the government will continue to inflate. But the deflationary credit contraction will still dwarf it as it has been.
This is the title of the 4th chapter of my book (which you said no one at DP would buy) that I referenced: Chapter 4 Credit Expansion-->Inflation-->Bubble Bursts-->
Recession-->Government Intervention-->Unemployment-->
Credit Contraction and Deflation-->Banking Crisis-->
Hyperinflation-->Depression. I have 100 footnotes for that chapter that explains in detail what is occurring.
I'll continue to write articles stating the case on my blog and I'll continue to challenge CFP's, CFA's, Harvard Professor's, Dave Ramsey, Forbes, Money Magazine and anyone else who write negative articles on gold as I have been doing for over 2 years.
I wish you luck in your quest for truth. One can lead a horse to water, but they don't have to take the deflationary drink. You can have your inflationary cake and eat it too. Eventually you and the inflationists will be right.
Since you did ask for references, start with these;
Money Bank Credit, and Economic Cycles by Jesús Heurta de Soto
Deflation and Liberty by Jörg Guido Hülsmann
America's Great Depression (for the 1929-1933 comparison) by Murray Rothbard
Then you can read Steve Keen's blog; http://www.debtdeflation.com/blogs/
Mish Shedlock's blog: http://globaleconomicanalysis.blogspot.com/
George Reisman's blog: http://georgereismansblog.blogspot.com/
FOFOA's blog: http://fofoa.blogspot.com/
and Ron Hera's articles: http://www.heraresearch.com/
Or you can spend less than $20 and read my book which puts all of their words together for folks. But you have something against me telling people I've written a book and you think people here won't buy it as you previously stated.
Maybe I should go down and volunteer and forget about making an income. You think I gave up my 20 year career as a financial advisor and all the income I could have made so I can sell a few books?
My site has no advertisers on it and what I do to promote my work should be judged on what I give in the way of articles on a continual basis on both my blogs.
I called the gold in Euro trade before Gartman did and took it off the table with a 30% profit when the Euro hit 1.25. People pay $5,000 a year for his advice and he admits he's wrong 80% of the time. I'm currently recommending the buy gold in Yen trade. I try and give people the info for them to make good decisions. But I only sell gold and silver bullion and I do it at the lowest prices, but with a $20,000 minimum investment.
There...I've plugged my book and my gold and bullion sales company. Maybe I should be kicked off of DP for doing so (based on your point of view).
I don't care. If people don't look at me as trying to help, as I have painstakingly done with you, tolerating your "F.U." attitude, then perhaps my time is better spent elsewhere.
My book has a hidden message in it and I have a plan to get that message out to the masses by going after Glenn Beck and Anthony Weiner. And if they don't address what I have written it, I can guarantee the city of LA attorney will. But it's about the message of Ron Paul that is embedded in the book. The first post I ever wrote in the beginning of 2008 was about Ron Paul's message on my Fed Up! blog. I care not what people think of me. It's the message that matters. Time will dictate whether my words were relevant.
My Christian/Political Blog:
We the Serfs! Blog
never,never,never
or even ever, mention u.s.s liberty,king david hotel,lavon affair,israel,rothschild,zionists and of course the granddaddy of them all the MOSSAD 9/11 false flag attack on the good people of these united states of america
a warning from a moderator
verbally abusing other daily paul member is against the posting guidelines and can lead to blocking of the account:
http://dailypaul.com/node/139904#comment-1501904
RonPaulWillNeverDie please next time control your emotions.
Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
Thanks for the warning, I guess
What did I do wrong? Please specify. I don't know how I broke the rules. Was it a couple adjectives I used? I really don't understand. Just talking as I talk. Thought I was within the rules. Please enlighten me legalize on the rules so I don't break them.
"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang von Goethe
As the Palaces Burn(click below video)
http://www.youtube.com/watchv=wfj2OWBocAc&feature=related
Most rules, at most boards are so simple
They are even simpler here.
Never attack someone personally.
Attack the post, or the information in the post all you like.
Never make it personal.
"I don't endorse anything they say"
~Ron Paul On the 911 Truth movement.
http://www.youtube.com/watch?v=hGyhlNY0y1k
this language is not acceptable:
F U Doug
I just realized that you are completely F.O.S..........instead of being a punk, bitch.
.......
Answer a god damn question. Otherwise F.U.
RonPaulWillNeverDie
these parts offended Doug enough to write to me an email.
In the past there were people blocked for lesser rules breaking.
Website:
http://www.libertypoet.com/
Twitter:
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
I'm sorry legalize
I was having a long conversation with Doug and did not realize that he would not understand where I was coming from and would be offended. I thought he has been around the block and could deal with a little "tough love".I
I reacted the way I did because I put a time and thought into my responses to him and he avoided them and patronized me.
Hey Doug. Just STATE THE FACTS OF YOUR BELIEF and none of this would have happened. You have as much blame as me. I was trying to have a conversation with you that I wasted a great deal of my life doing and you completely disregarded everything I had to say. You got the reaction you wanted I guess. I love the DP so I will stop myself from "tough love". Not worth it. A perfect example is you.
Now that I know that I will be banned, I will not do that anymore.Sorry.
"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang von Goethe
As the Palaces Burn(click below video)
http://www.youtube.com/watchv=wfj2OWBocAc&feature=related
Thanks
I know it is sometimes easy to make mistakes when in a passionate exchange with another member.
And knowing your many postive contributions to the site I only gave you a warning.
Another mod or Michael might have acted in a different way.
have a great day!
LL
Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
LL, everyone should be well aware
LL, everyone should be well aware of what they can and can't do here and I don't buy the tactic RPWND is pulling.
I realize you have a wide berth in your discretion, but perhaps a little brushing up on the rules and firmer application of them (one warning, then permanent banning perhaps) will clean up the tenor of the discussions?
I know that quite a few serial offenders were previously banned, then they petitioned Mike to come back, only to start re-offending.
I'm in favor of harsher sentencing to keep these boards viewable and open to participation by people of all ages.
Support freedom and liberty candidates in 2012... Ron Paul... Gary Johnson...
good points
but I still believe in giving people second chances...
does not work with every offender.
going home -
tired...very tired.
Website:
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Twitter:
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"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul
Get some sleep and relax for
Get some sleep and relax for the remainder of the weekend. :)
Support freedom and liberty candidates in 2012... Ron Paul... Gary Johnson...
Collapse, or no collapse.
Collapse of what? Money? They'll just usher in a new currency. That's what the plan has been all along. Call it the "UniBuck", the "iDollar", the "AmerO"! They'll have more fun with us little guys by coming up with some kooky name.....kind of like they're laughing their asses off by "having us" elect a muslim named Barak Hussein Obama while we're in 2 wars trying to naim Osama bin Lauden. Who'd a thunk it? We're a dooped Nation, and I don't see much changing. They've got the laws, the money, the guns. All that adds up to is - Control. It's like George Carlin said,"It's one big club, and me and you ain't in it!"
alan laney
I believe as an investment
I believe as an investment silver is not a wise choice. Since it does not produce or reproduce. In order for silver to produce value it needs to be used as money, trading as a competing currency it pushes FRNs out of the market reducing the value of fiat currencies.
Spend silver in the market, never trade it for FRNs, trade it for goods and services. In this way it creates value. To save it is no better than leaving it in the ground.
grant
Ted Butler: Now it's when, not if, for metals position limits
Ted Butler: Now it's when, not if, for metals position limits
http://news.silverseek.com/SilverSeek/1279732290.php
"the centerpiece of Commissioner Chilton’s statement affirms that the new law mandates that the CFTC establish position limits in order to prevent market concentration. Position limits in silver to break the stranglehold of concentration on the short side of COMEX silver has been my mission for 25 years. Chilton confirms that will be the law. Please watch the video and then decide if my take is correct."
http://www.cftc.gov/files/oirm/video/cftc_023455.wmv
History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower
Well, it just became a lot BETTER "investment" thanks to...
The new law that starts in 2010 which will force sellers to report every sale over $600.00 to the IRS.
That means gold sales will be tracked unless you buy fractional gold of which you pay dearly over spot price.
But silver being so much cheaper it will not be subject to this reporting.
"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul
Clarification...
Hi Pawn...
Just a clarification on what you posted...
The law states that companies have to report *any* sales that amount to $600 or more. This would include fractional gold, silver, refrigerators, flat screen TV's, etc. etc.
The goal of the IRS of course is to track where you spend your money and to correlate those spending habits with your income (to see if you are hiding income).
Some members of congress are attempting to repeal it.
My perspective is that if they are expecting to uncover $17 billion of revenue for the IRS, how about the government just keep track of the 8 billion they lost track of in Iraq that just disappeared? How about they save a Trillion over the next decade by just bringing our troops home? Why go after the little guy while at the same time, cause corporations to waste productive time filling out millions of tax forms to adhere to their information demands? This type of government thinking is beyond ridiculous. Let's decrease GDP more to help out big government! Better hire some more IRS agents to help out unemployment! lol
Here's a good article that explains that section of the bill:
http://www.numismaticnews.net/article/600_sale_Tax_form/
“SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS.
(a) IN GENERAL. – Section 6041 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsections:
‘‘(h) APPLICATION TO CORPORATIONS. – Notwithstanding any regulation prescribed by the secretary before the date of the enactment of this subsection, for purposes of this section the term ‘person’ includes any corporation that is not an organization exempt from tax under section 501(a).
‘‘(i) REGULATIONS. – The secretary may prescribe such regulations and other guidance as may be appropriate or necessary to carry out the purposes of this section, including rules to prevent duplicative reporting of transactions.’’
(b) PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS. –
Subsection (a) of section 6041 of the Internal Revenue Code of 1986 is amended –
(1) by inserting ‘‘amounts in consideration for property,’’ after ‘‘wages,’’
(2) by inserting ‘‘gross proceeds,’’ after ‘‘emoluments, or other’’, and
(3) by inserting ‘‘gross proceeds,’’ after ‘‘setting forth the amount of such.’’
My Christian/Political Blog:
We the Serfs! Blog
Other uses?
I didn't invest Heavily in silver, but I've got some. I figure take one of those $20 nuggets I've got, melt it, dip an acorn in it, glue it to a string, and sell it for $20. And do that several times with that 1 nugget. So I'm not sad, but again I didn't invest Heavily into it... mostly a way to pay bribes or necessities in a SHTF scenario that if it never happens I haven't broke my bank and maybe can make a buck or two off it later with craft.
Advice I always take myself:
Advice I always take myself: Stay away from things you don't understand. When you understand the risks, then you can make informed decisions regarding investing.
Support freedom and liberty candidates in 2012... Ron Paul... Gary Johnson...
there is less silver
bullion than gold. this is because most of the silver that has been mined has been used in industry and is now scattered in landfills.from my research i have learned that there is about 6 billion oz of gold bullion or 1 oz for every human alive. but because of the majority of silver being used and eventually tossed out there is only 1 billion oz of silver bullion. so silver bullion is 8 times more scarce than gold and has hundreds more uses.
docter no no
Please read this Doug and prove "their" analysis wrong.
You can even ask questions there, and if they don't respond let the DP know, and I'm sure DPers will respond and ask the same question, if it can't be answered.
http://www.inflation.us/doublediprecession.html
"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang von Goethe
As the Palaces Burn(click below video)
http://www.youtube.com/watchv=wfj2OWBocAc&feature=related
There is no doubt
Bernanke and company will "pull out all stops" as the article states. Their conclusion is wrong as to the timing and the effect of such. The same goes for North, Sinclair and Jim Rogers. It doesn't mean they are wrong. Please understand this before jumping to conclusions.
I don't have to "prove" anything. I state my case based on the facts presented by multiple Austrian economists. My research has shown me where we are headed and the reasons to own gold and silver.
My agenda is to help people understand what's going on. I've helped you as far as I can. You'll have to start digging yourself for the truth and write some articles stating your case. Try reading Reisman, Keen, Shedlock, Shostak as a start, instead of the folks at inflation.us, who, as posted below, have their own agenda. Try posting your comment on Mish Shedlocks site and see who likes it and doesn't like it and more importantly, why.
Good luck..
My Christian/Political Blog:
We the Serfs! Blog
I want this thread to die so I hope no one posts on this
I just wanted to let you know Doug, that I apologize and just did not read your words fully and acted out of emotion in some respects.
For some reason, I believed you were arguing that the "collapse" would not happen. Now I have read your comments and replies, I realize where you are coming from. Thank you for taking the time to try to explain yourself, but you never did. I appreciate it none of the less. I see now that you believe that inflation or deflation both end up at the "collapse", but you are debating which will lead to the "collapse". I did not fully read what you were saying and acted "irrationally". For that I apoligize and has taught me a lesson.
I will look into your side, but I wish you would provide me and everyone info to look into. I see no proof of deflation anywhere, esp. when you consider the national debt and the interest payments on that money.
I hope you publish your perspective soon. "Things" are moving fast.
"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang von Goethe
As the Palaces Burn(click below video)
http://www.youtube.com/watchv=wfj2OWBocAc&feature=related
RPWND
Hehe... I've posted my perspective several times... http://www.dailypaul.com/node/141088
(sometimes I feel like I'm talking to myself...but that's ok... I'm used to it). I'll let the history of my articles stand on their own merit and will keep writing. Time will take care of the rest.
BTW, you can't make a blanket statement that I never explained myself without providing what it was exactly that you claim I didn't explain. It's a tactic that a judge would require the criteria from you (burden of proof) in order for the comment to stand on it's own merit.
My Christian/Political Blog:
We the Serfs! Blog
F U Doug
I just realized that you are completely F.O.S. I am not going to listen to that crap. No one has the time. IF YOU HAVE SOMETHING TO SAY JUST STATE IT. Otherwise F.U. I don't know you or your articles, nor do I have the time, just like everyone else here. No one cares what you have to say, because you don't say anything. Get over your ego.
Just explain yourself. The "truth" speaks for itself. You have not explained anything and your patronizing does not help you. Challenge Republicae to a debate here on the DP, instead of being a punk, bitch. Stand up for your belief. If you destroy Republicae, I'm sure most of the DP will change their mind.
You have ignored the vast amount of my statements, just like I did to you, but somehow you think you are right.You have not proved anything at all in any way. I want to know the truth, but the truth does not matter if it all ends up in the same situation of buying gold and silver and necessities.
Hold your deflation belief up to scrutiny, so those here can destroy your b.s. I believe it is b.s. because you will not even give the DP a "crumb" of what you are talking about.
Just STATE IT AS RP STATES IT!!!!!!!!!!!!! Tell us the truth as you believe it, otherwise, don't dismiss me and act like you are the holder of "secret knowledge". I'm guessing you are because you are trying to sell books or whatever money making mechanism for your beliefs.
Bring in on Doug!! Are you scared? I would guess you are, otherwise you would "destroy" the inflationists very easily.
If the inflationists are wrong, then prove it. You have not proved anything,nor replied to any statements or comments, but just keep repeating that you are right,and somehow I am wrong. I hope others read this exchange and realize what you are doing with your comments and replies.
Answer a god damn question. Otherwise F.U.
"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang von Goethe
As the Palaces Burn(click below video)
http://www.youtube.com/watchv=wfj2OWBocAc&feature=related
Thanks for the reply...
My goal is not to "destroy" anyone. I'm trying to have a civil discussion with you and gave you the Austrian economists to study to find your own truth.
Here is what I wrote in answering your question; "Schiff is an inflationist and doesn't consider the possibility of deflation. I disagree with him on this issue as do others, Shedlock, Hera, Keen, Reisman and some of the other Austrian economists (not Gary North). We are in a deflationary credit contraction at present. Read Shedlocks latest missive on Schiff. Peter and North do not consider credit contraction in their analysis that is presently dwarfing any government stimulus."
Did you do any research on what they have written? Did you go to Shedlocks site and read what he said about Schiff? Perhaps you are not familiar with what a deflationary credit contraction is? If so, let me know and I can explain it to you.
I can't help those who won't take the time (or are not willing) to read what I have written. I'm willing to "discuss" these things with anyone. But if they haven't read them, then they don't know my point of view right?
It's interesting you get angry with me to the point of even saying "F.U." when earlier you thanked me for "treating you like a human being."
I asked you in my last post to be specific with what I didn't answer and you got upset. I'm sorry you are upset. Wouldn't this exchange be better if you can talk to me like a human being though?
Naturally, it would.
I thought I was clear in my reply, so I'm not sure where you're coming from.
My Christian/Political Blog:
We the Serfs! Blog
I am talking to you as a human being by saying F.U.
I am busy learning about many subjects. I do not have the time to research like you, when the reason you researched that information was to hopefully make money on a book. You still have not answered anything.Very few people are going to take the time to research your sources, when you provide no links or anything. I could care less at this point about your sources, if in the end gold and silver and other commidities are the way to go. That's what you said right, about the way to go?
Why can't you give an explanation in a paragraph on why inflation or hyperinflation will not happen? Is that so hard? What's the big deal? Are you afraid that people here will not by your book then?
Again, I repeat, if you truly believe that deflation will happen, challenge Republicae or any other DPer to a debate. You won't, because you are a coward, plain and simple.
I am talking to you as a human being and this is just a little "tough love". What angers me is your intellectual dodging of the questions asked and how I am supposed to respect your statements but you seem to have no respect for mine.
"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang von Goethe
As the Palaces Burn(click below video)
http://www.youtube.com/watchv=wfj2OWBocAc&feature=related
People who use language like
People who use language like "F.U." are not people I care to have a conversation with. I've treated you like a human being and I disagree with your treatment of me as such by utilizing this type of tactic. Since I do have free will, this will be my last post to you. Naturally you will view this as me being a coward and accuse me of such nonsense.
I never said that inflation or hyperinflation will not happen. Read my reply to the inflation.us post again. http://dailypaul.com/node/139904#comment-1495859 I said that the folks at inflation.us "are wrong in their timing." So is Peter Schiff and Gary North in my opinion. This doesn't mean that I don't think inflation or hyperinflation will occur. Far from it (I think this is where you are confused, meaning we agree on it occurring, but you aren't clear on "when" it will occur. Well, neither are Schiff or North, so you're in good company).
The irony of your tactics in discussing things with me is you expect me to challenge Republicae to a debate and thus have me take the time to research all that Republicae has written to understand his point of view, and you expect Republicae to study all that I have written to understand my point of view, and you won't do any research yourself? And you haven't even read anything I have given you to read since the beginning of this conversation and asked me specific questions about what I have written you disagree with or don't understand?
And then you call me a "coward" and a "punk, bitch" by saying I won't debate him as if calling me that would leave me no other choice but to do so.
I asked if you knew anything about deflationary credit contraction in my last post and said if you didn't know anything about it, I would explain it to you. And you sit and call me names and attempt to challenge my intellect. People who use this type of tactic can't do their own thinking.
I challenge anyone to anything anytime, but will not tolerate those with high school debating skills that continually use the tactic of belittling the other side.
It is the truth I seek. Enlightenment. It's not about winning a debate. Gary North and Mish Shedlock have battled it out on this issue, over and over. They never said "F.U." to each other. Only time will tell who is right. One can't "prove" something that hasn't happened.
All they can do is suggest what course of action will occur and why. Keynesian have their view and Austrians have theirs. Among the Austrians, they too disagree.
I gave you the answer twice now. I gave you url's to seek the truth. You never replied to my posts on DP "as a favor to you" (http://www.dailypaul.com/node/139904#comment-1495789) on Japanese deflation and the similarities to the U.S.
So I'll explain things to you better since my past words have been unsatisfactory for you. But again, this is the last post and conversation I'll have with you (you can reply with more of the same tactics, I don't care).
I believe we are in a deflationary credit contraction that will dwarf the monetary stimulus as I mentioned already to you on July 17th here: http://dailypaul.com/node/139904#comment-1494159
But since that answer isn't good enough for you as I believe you don't understand what deflationary credit contraction is....
What happened to the trillions of stimulus we've had with the Obama administration and the various bailouts and spending programs that congress has passed? Have they shown any inflation in the numbers? No.
They have been eaten up by all of the credit that was generated in the inflationary expansion years...to the tune of trillions of dollars. People and businesses are paying down debt and defaults are increasing.
Falling prices are the result of deflation. Thus prices falling are a sign deflation is already here (except in government backed programs like with College tuition, medical care, etc). It's the same thing that occurred in the 1929-1933 era which saw durable good fall 60% in price and consumer goods less than that (people still need to eat and take care of the basics so consumer goods weren't hit as hard as durable goods).
Are prices falling today?
I challenged the inflation.us data here on Daily Paul back on June 22nd where I showed prices falling everywhere. No one replied.
http://www.dailypaul.com/node/132548#comment-1476049
Back then, consumer prices had dipped for 2 straight months. Now they have dipped for a 3rd straight month. Real estate is still declining and everything else I mentioned in that post.
The Japanese example shows a country can have government gone wild spending for an extended period of time. Their Debt to GDP ratios are at 227%, highest in the world...and yet they still have deflation and a Yen that has strengthened. The Nikkei has fallen 75% and the Dow only 40%. Land prices in Japan fell 66% and are at a 36 year low. Commercial property in the U.S. has fallen only 40% and of course home prices are declining at an even more rapid rate.
The U.S. is sitting at a Debt to GDP ratio of almost 60% at the end of 2009 and with the increase of spending this year, it is around 80% on its way to 100% I'm sure quickly. The monetary stimulus isn't working. But we have another 100% plus of stimulating to go to reach Japanese levels.
I covered all this in my blogtalkradio interview that I posted and you won't listen to.
Yes, the government will continue to inflate. But the deflationary credit contraction will still dwarf it as it has been.
This is the title of the 4th chapter of my book (which you said no one at DP would buy) that I referenced: Chapter 4 Credit Expansion-->Inflation-->Bubble Bursts-->
Recession-->Government Intervention-->Unemployment-->
Credit Contraction and Deflation-->Banking Crisis-->
Hyperinflation-->Depression. I have 100 footnotes for that chapter that explains in detail what is occurring.
I'll continue to write articles stating the case on my blog and I'll continue to challenge CFP's, CFA's, Harvard Professor's, Dave Ramsey, Forbes, Money Magazine and anyone else who write negative articles on gold as I have been doing for over 2 years.
I wish you luck in your quest for truth. One can lead a horse to water, but they don't have to take the deflationary drink. You can have your inflationary cake and eat it too. Eventually you and the inflationists will be right.
Since you did ask for references, start with these;
Money Bank Credit, and Economic Cycles by Jesús Heurta de Soto
Deflation and Liberty by Jörg Guido Hülsmann
America's Great Depression (for the 1929-1933 comparison) by Murray Rothbard
Then you can read Steve Keen's blog; http://www.debtdeflation.com/blogs/
Mish Shedlock's blog: http://globaleconomicanalysis.blogspot.com/
George Reisman's blog: http://georgereismansblog.blogspot.com/
FOFOA's blog: http://fofoa.blogspot.com/
and Ron Hera's articles: http://www.heraresearch.com/
Or you can spend less than $20 and read my book which puts all of their words together for folks. But you have something against me telling people I've written a book and you think people here won't buy it as you previously stated.
Maybe I should go down and volunteer and forget about making an income. You think I gave up my 20 year career as a financial advisor and all the income I could have made so I can sell a few books?
My site has no advertisers on it and what I do to promote my work should be judged on what I give in the way of articles on a continual basis on both my blogs.
I called the gold in Euro trade before Gartman did and took it off the table with a 30% profit when the Euro hit 1.25. People pay $5,000 a year for his advice and he admits he's wrong 80% of the time. I'm currently recommending the buy gold in Yen trade. I try and give people the info for them to make good decisions. But I only sell gold and silver bullion and I do it at the lowest prices, but with a $20,000 minimum investment.
There...I've plugged my book and my gold and bullion sales company. Maybe I should be kicked off of DP for doing so (based on your point of view).
I don't care. If people don't look at me as trying to help, as I have painstakingly done with you, tolerating your "F.U." attitude, then perhaps my time is better spent elsewhere.
My book has a hidden message in it and I have a plan to get that message out to the masses by going after Glenn Beck and Anthony Weiner. And if they don't address what I have written it, I can guarantee the city of LA attorney will. But it's about the message of Ron Paul that is embedded in the book. The first post I ever wrote in the beginning of 2008 was about Ron Paul's message on my Fed Up! blog. I care not what people think of me. It's the message that matters. Time will dictate whether my words were relevant.
My Christian/Political Blog:
We the Serfs! Blog
deleted comment by myself
not bumping on purpose. Sorry.
"None are more hopelessly enslaved than those who falsely believe they are free." Johann Wolfgang von Goethe
As the Palaces Burn(click below video)
http://www.youtube.com/watchv=wfj2OWBocAc&feature=related
Making profit from the collapse hastens the collapse
and kills the buying power of your profits. If folks hope to make a bunch of FRNs on the collapse of FRNs they are gaining nothing.
If you know others who might like silver, its good to trade with.
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